Many economists believe the Fed was in large part responsible for bringing about the Great Moderation, gaining more credibility as it transitioned away from ________ and more towards ________
A) fiscal policy; monetary policy
B) discretionary policy; a rules policy
C) monetary rules; discretionary rules
D) targeting inflation; targeting unemployment
B
You might also like to view...
The speculative demand for money shows the relationship between money demand and:
a. income levels. b. interest rates. c. prices d. investment. e. consumption.
In 1978, China was the world's 15th-largest economy. By 2011, China had:
A. the second-largest economy in the world. B. an economy worth about $11 trillion. C. the fourth-largest economy in the northern hemisphere D. a larger economy than Japan but smaller than Germany.
When was the last year the United States had a budget surplus?
A. 2001 B. 2020 C. 1984 D. 1993
Which of the following statements about specific excise taxes is true?
A. These taxes are levied on a full wide range of consumer goods B. These taxes are usually transparent to (and easily reckoned by) the buyers C. A large portion of these taxes are often borne by the sellers, not shifted to the buyers D. In the U.S., these taxes are more common than sales taxes