Policy is conducted via a rule if policymakers
a. use monetary and fiscal policy only when the political situation dictates it.
b. set monetary and fiscal policy according to multiple but predetermined goals.
c. a free to respond to unexpected changes in economic conditions.
d. announce in advance how they will respond to changes in economic conditions.
D
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When a home builder decides to computerize all of its production schedules, it directly answers the ________ question
A) why B) what C) where D) for whom E) how
From 8 to 11 p.m., Sam can either attend a basketball game, a hockey match or the symphony. Suppose that Sam decides to attend the hockey match and thinks to herself that if she did not go to the match she would go to the symphony
Then the opportunity cost of attending the hockey match is A) going to the symphony and the basketball game. B) going to the symphony. C) going to the basketball game. D) three hours of time.
List four types of tax-deferred saving vehicles. How could tax-deferred saving vehicles, if modified, transform the U.S. income tax into a consumption tax?
What will be an ideal response?
Suppose the value of the CPI is 1.100 in year one, 1.122 in year two, and 1.133 in year three. Assume also that the price of computers increases by 3% between year one and year two, and by another 3% between year two and year three. The price level is increasing, the inflation rate is ________, and the relative price of computers is ________.
A. increasing; increasing B. decreasing; increasing C. increasing; decreasing D. decreasing; decreasing