MCQs: A person who is made redundant because of the contraction of an industry is a victim of ?
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MCQs: The Short run Phillips curve can shift in response to changes in ?
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MCQs: The Phillips curve shows the trade-off between _____ and _____?
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MCQs: During Periods of rising inflation and rising interest rates we expect the demand for real cash to ?
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MCQs: The quantity theory of money says that changes in ____lead to equivalent changes in ____ but have no effect on ______?
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MCQs: Expansionary fiscal policy in the classical model will cause aggregate demand to _______ potential output?
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MCQs: At the intersection of AD and AS equilibrium is achieved in ?
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MCQs: In the classical model, potential output cannot be increased by ?
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MCQs: The AD schedule indicates that _______ inflation is associated with ________ output?
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MCQs: All the following are types of monetary policy expect ?
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MCQs: The relative-wage explanation for the existence of downwardly sticky wages emphasizes ?
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MCQs: When economists use the term real business cycle theory they are suggesting that business cycles are caused by ?
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MCQs: Doubts about the natural and the existences of the Phillips curve arose in the 1970s when the economy experienced ?
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MCQs: If input price prices adjusted very rapidly to output prices as classical economists argue the Philips curve would be ?
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MCQs: The Phillips curve indicates that there is a ?
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MCQs: Potential GDP is the level of aggregate output ?
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MCQs: In the long run, the Phillips curve will be vertical at the natural rate of unemployment if ?
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MCQs: According to the classical economists, those who are not working ?
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MCQs: The classical view of the labor market is basically consistent with the assumption of _________ aggregate supply curve?
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MCQs: Possible causes of involuntary unemployment are ?
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