Phillips Curve
What is inflation and unemployment?
If money flows out of an economy, it is a capital ______________________.
What is a capital outflow?
When the United States imports, it is a ______________ to the current account.
What is debit?
If there is recessionary gap, what type of policy will the government implement?
What is expansionary?
If there is a recessionary gap, would the unemployment be more or less than the natural rate of unemployment?
What is more than the natural rate of unemployment?
If the interest rates increase in an economy, capital would _________________(inflow/outflow).
What is inflow?
What is 0?
Contractionary monetary policy will shift the ____________(AD/SRAS) to the ____________.
What type of relationship does the short-run Phillips Curve have with inflation and unemployment?
What is inverse?
If the government uses contractionary fiscal policy, there would be capital _______________. Hint: What happens to interest rates in the loanable funds market?
If the United States imports more than it exports, the current account is ________.
What is negative?
If there is an inflationary gap, the ______(AD/SRAS) will naturally shift to the ___________ to close the gap.
What is SRAS to the left?
If there is high unemployment and low inflation, it is because of ____________________ unemployment.
What is cyclical?
If the Central Bank uses contractionary monetary policy, there would be capital ________________.
What is capital inflow?
What is true if the current account is positive?
What is more exports than imports?
What is decrease, decrease, and buy?
Describe the Phillips Curve graph with an inflationary gap. Include the following: SRPC, LRPC, inflation, and unemployment.
What is the point is to the left of the LRPC, high on the SRPC, with high inflation, and low unemployment?
If the United States exports more than it imports, there will be capital _____________.
What is capital outflow?
If the dollar depreciates, the current account will be _____________________.
What is positive?
What is the formula for GDP?
What is C+I+G+Xn?