The Taylor rule says that the fed funds rate target is a function of all of the following, except
A) the actual inflation rate.
B) the target inflation rate.
C) the percentage difference between actual and potential real GDP.
D) the level of borrowed reserves.
D
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The labor force equals the number of people:
A. both employed and unemployed. B. employed. C. aged 16 years and older. D. employed, unemployed and discouraged.
Saving is disposable personal income not spent on consumption
a. True b. False Indicate whether the statement is true or false
Healthcare provided by the government is an example of a public good
a. True b. False Indicate whether the statement is true or false
Real GDP
a. is the current dollar value of all goods produced by the citizens of an economy within a given time. b. measures economic activity and income. c. is used primarily to measure long-run changes rather than short-run fluctuations. d. All of the above are correct.