PLEASE SHOW THE EXPLANATION!! 1. Which of the following is consistent with advocatesof rational expe

PLEASE SHOW THE EXPLANATION!! 1. Which of the following is consistent with advocatesof rational expectations? If consumers fully anticipate an increasein interest rates, then Real GDP will increase by the value of the multiplier Real GDP will decrease by the value of the multiplier Real GDP will not change Price level will increase Unemployment will increase 2. Fiscal policy is limited when the slope ofthe AS curve is more vertical so the multiplier is moreeffective As curve is more vertical hence the multiplier is lesseffective As curve is more horizontal so the multiplier is moreeffective AD and AS curves are more horizontal so the multiplier is moreeffective AD curve is more vertical so the multiplier is moreeffective 3. If productivity rises in the United States, we expectthat The short-run Philips curve will shift left The short-run Philips curve will shift right The long-run Philips curve will shift right There will be a movement to the right along the short-runPhilips curve There will be a movement to the left along the short-run Philipscurve 4. If congress engages in contractionary fiscal policy,we can expect that The short-run Philips curve will shift left The short-run Phillips curve will shift right The long-run Philips curve will shift right There will be a movement to the right along the short-runPhilips curve There will be a movement to the left along the short-run Philipscurve . . .

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