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Question 1

Use the graph below to answer the following questions:

Curve 1 (red color) is

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Question 2

Curve 2 (black color) is

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Question 3

What is the unemployment rate at point B?

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Question 4

What is the inflation rate at point B?

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Question 5

If the economy starts at B and the money supply growth rate increases, then in the short run the economy moves to

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Question 6

If the economy starts at B and the money supply growth rate decreases, then in the short run the economy moves to

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Question 7

Suppose the economy starts at B and the money supply growth rate decreases. As a result, in the short-run, the inflation rate will

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Question 8

Suppose the economy starts at B and the money supply growth rate decreases. As a result, in the short-run, the unemployment rate will

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Question 9

Suppose the economy starts at B and the money supply growth rate increases. As a result, in the short-run the inflation rate will

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Question 10

Suppose the economy starts at B and the money supply growth rate increases. As a result, in the short-run, the unemployment rate will

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Question 11

If the economy starts at B and the money supply growth rate increases, in the long-run, the economy

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