The IS-MP model assumes the Fed targets ________, and the IS-LM model assumes the Fed targets the ________
A) the expected inflation rate; the unemployment rate
B) short-term nominal interest rates; the money supply
C) the output gap; the long-term real interest rate
D) short-term real interest rates; the expected inflation rate
B
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Which of the following is an example of a product that is nonexcludable and rival?
A) a motorcycle B) the court system C) Western lowland gorillas D) a NASCAR event
Which of the following shifts the short-run but not the long-run aggregate-supply curve left?
a. an increase in the expected price level b. a decrease in the expected price level c. a decrease in how much people want to consume d. an appreciation of the dollar
If the quantity of money supplied exceeds the quantity of money demanded at a given point in time, _____
Fill in the blank(s) with the appropriate word(s).
One of the government's responses to the Financial Crisis of 2007-2009 was Dodd-Frank, a law that
A. authorized trillions of dollars in borrowing for the federal government. B. ignored the insurance industry. C. made special provisions for dealing with very large banks in times of crisis. D. eliminated the risk of another financial crisis in the future.