1、Name: Class: Date: Chapter16-TheShort-RunTradeoffbetweenInflationandUnemployment1. Whoreleasesthecloselywatchedindicatorssuchastheinflationrateandunemploymenteachmonth? a. DepartmentforBusiness,Innovation,andSkills b. MinistryofFinance c. DepartmentoftheTreasury d. Stati
2、sticsCanadaANSWER: d2. Howisthemiseryindexcalculated? a. Itistheinflationrateplustheunemploymentrate. b. Itistheunemploymentrateminustheinflationrate. c. Itistheactualinflationrateplustheexpectedinflationrate. d. Itisthenaturalunemploymentrateminusthelong-runinflationrate
3、.ANSWER: a3. Whatisthemiseryindexsupposedtomeasure? a. themarketpowerofunions b. thehealthoftheeconomy c. thedegreeofinequality d. thestandardoflivingANSWER: b4. Whatisonedeterminantofthenaturalrateofunemployment? a. therateofgrowthofthemoneysupply b. thegenerosityofEmpl
4、oymentInsurance c. theexpectedinflationrate d. theexchangerateANSWER: b5. Amongotherthings,whatdeterminesthelong-runaverageunemploymentrateandinflation,respectively? a. themarketpowerofunions;governmentspending b. efficiencywages;themoneysupplygrowthrate c. therateofgrowt
5、hofthemoneysupply;themarketpowerofunions d. theminimumwage;theextenttowhichfirmsarecompetitiveANSWER: b6. Inthelongrun,whatdoestheinflationrateprimarilydependon? a. theabilityofunionstoraisewages b. governmentspending c. themoneysupplygrowthrate d. taxratesANSWER: c7. Wh
6、atisalong-runeconomicaspectonwhichmosteconomistsagree? a. Thenaturalrateofunemploymentdependsprimarilyonthelevelofaggregatedemand.CopyrightCengageLearning.PoweredbyCognero.Page 38Name: Class: Date: Chapter16-TheShort-RunTradeoffbetweenInflationandUnemployment b. Inflatio
7、ndependsprimarilyuponthemoneysupplygrowthrate. c. Thereisadirectrelationshipbetweentheinflationrateandthenaturalrateofunemployment. d. Therateofeconomicgrowthdependsprimarilyonthegrowthinmoneysupply.ANSWER: b8. WhichCanadianeconomistconfirmedthetheoryofaninflation-unemplo
8、ymenttradeoff? a. R.Lipsey b. A.W.Phillips c. P.Samuelson d. J.KeynesANSWER: a9. Ifpolic
