1. Is there a tradeoff between inflation and the unemployment rate?

2. How does the tradeoff between inflation and the unemployment rate vary from the short to the long run?

3. What is the relationship between unexpected inflation and the unemployment rate?

4. How are macroeconomic expectations formed?

5. What makes government policies credible?

6. Are business cycles related to political elections?

7. How do real shocks to the economy affect business cycles?

8. How is inflationary monetary policy related to government fiscal policy?