Monday, February 8, 2010

Which of the following statement is false?

A. Contractionary monetary and fiscal policies tend to lower unemployment but raise inflation.


B. All economists agree that for substantial inflation to continue the money supply must rise.


C. Expectations based on what has been in the past are called adaptive expectations.


D. High money growth and high inflationary expectations inevitably accompany high inflation rates.Which of the following statement is false?
A, contractionary monetary policy and fiscal policy, both lower the level of GDP that is moving away from the equilibrium, the new output levelis lower than the natural rate (which is the initial point) and that cause increase unemployment level (because at the intital point, which is also the natural rate of unemployment),Which of the following statement is false?
d
B. You couldn't get two economist to agree on anything let alone all of them. That's why economics is a social science not a real science.
uhhh E? idk

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