IS-LM Model and Aggregate Demand Curve Quiz
3 Questions
4 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

In the IS-LM-Aggregate Supply model, the natural rate of unemployment is associated with:

  • The level of unemployment that exists when the economy is at its potential output (correct)
  • The level of unemployment when the economy is in an expansionary phase
  • The level of unemployment when the economy experiences high inflation
  • The level of unemployment when the economy is in recession

    • Friedman's Expectation Model is based on the idea that individuals form their expectations of future inflation based on:

  • International trade agreements
  • Government policies
  • Labor market conditions
  • Past inflation rates (correct)

    • Which concept suggests that individuals form their expectations of future economic conditions based on past experiences and past information?

  • Tobin's Modified Phillips Curve
  • Rational Expectations
  • Flexible Prices
  • Adaptive Expectations (correct)

    • More Like This

    IS-LM Model Quiz
    5 questions

    IS-LM Model Quiz

    GlamorousVictory avatar
    GlamorousVictory
    Econ 101: Aggregate Demand and IS-LM Model
    20 questions

    Econ 101: Aggregate Demand and IS-LM Model

    GratefulThermodynamics avatar
    GratefulThermodynamics
    Econ 101: Intermediate Macroeconomics Lecture 9 Review
    20 questions

    Econ 101 Review: Macroeconomics Quiz and Flashcards

    ElegantSweetPea avatar
    ElegantSweetPea
    Econ 101: Intermediate Macroeconomics Lecture 10 Quiz
    20 questions

    Econ 101: Intermediate Macroeconomics Lecture 10 Quiz

    ExtraordinaryLily avatar
    ExtraordinaryLily
    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser