Questions from Macroeconomics

Q: How do menu costs contribute to sticky prices?

How do menu costs contribute to sticky prices?

Q: Distinguish between pro cyclical and countercyclical economic variables.

Distinguish between pro cyclical and countercyclical economic variables.

Q: Distinguish among leading, lagging, and coincident economic variables.

Distinguish among leading, lagging, and coincident economic variables.

Q: What were the “Great Inflation” and the “Great Moderation

What were the “Great Inflation” and the “Great Moderation”?

Q: How do Keynesian views on macroeconomic fluctuations differ from those of classical

How do Keynesian views on macroeconomic fluctuations differ from those of classical macroeconomists?

Q: How do conflicting views of market structure influence the ideas of classical

How do conflicting views of market structure influence the ideas of classical and Keynesian macroeconomists regarding price and wage flexibility and how quickly the economy adjusts to long-run equilib...

Q: How does the theory of rational expectations differ from that of adaptive

How does the theory of rational expectations differ from that of adaptive expectations?

Q: What is the significance of the Lucas critique of econometric policy evaluation

What is the significance of the Lucas critique of econometric policy evaluation?

Q: What is the time-inconsistency problem, and what role does

What is the time-inconsistency problem, and what role does it play in the debate between advocates of discretion and advocates of rules in policy making?

Q: For each of the following cases, determine which would be the

For each of the following cases, determine which would be the preferred macroeconomic model to analyze business fluctuations. a) Most wages are the result of collective bargaining and are therefore qu...