Given an Expectations-Augmented Phillips Curve of the Usual Form and No

question 37

Multiple Choice

Given an expectations-augmented Phillips curve of the usual form and no outside price shocks, inflation matching expected inflation over the long term can be consistent with

• A) actual GDP matching its potential over the long term.
• B) actual GDP falling short of its potential over the long term.
• C) actual GDP exceeding its potential over the long term.
• D) a spiraling divergence of actual GDP away from its potential over the long term.
• E) any of the above depending on circumstance.

Understand the constitutional protections against unreasonable searches and how they apply to administrative agencies.

Identify the role of subpoenas in administrative law and their limitations.

Appreciate the significance of discretionary and ministerial powers of administrative agencies.

Understand the concept of phylogenetic trees and their components (e.g., nodes, roots, and clades).

---

Definitions:

Insecticide

Chemical substances used to kill or control the population of insects, typically used in agriculture and pest control.

Margin Of Error

A statistic expressing the amount of random sampling error in a survey's results, indicating a range within which the true population parameter is likely to lie.

Bushels

Bushels are a measure of volume used primarily in agriculture, especially in the United States, for dry commodities such as grains or produce.

Confidence

In statistics, the degree of certainty or probability that a parameter lies within a specified range of values.