As the dollar is devaluated
A. inflationary pressures are reduced and our standard of living is reduced.
B. inflationary pressures are increased and our standard of living is increased.
C. inflationary pressures are reduced and our standard of living is increased.
D. inflationary pressures are increased and our standard of living is reduced.
D. inflationary pressures are increased and our standard of living is reduced.
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Monetary policy has one clear advantage over fiscal policy by virtue of its very short
A) data lag. B) data and recognition lags. C) legislative and transmissions lags. D) effectiveness lag.
If a market basket of goods cost $100 in the base year and $125 in a later year, then average prices have increased by:
A. 25 percent. B. 80 percent. C. 125 percent. D. 225 percent.
Answer the following questions true (T) or false (F)
1. If Gladys sells her 2003 Jeep Cherokee for $3,500 in 2018, the sale of her car contributes $3,500 to 2018 GDP. 2. The circular flow of income shows that GDP can be measured as the sum of wages, interest, rent, and profits received by households or total expenditures on goods and services by households, firms, government, and the rest of the world. 3. Government spending on transfer payments is included in government purchases when calculating GDP because it results in the production of new goods and services.
Which of the following Fed policy actions left the date for completion open, based on achieving particular employment objectives?
A. QE2. B. QE3. C. Maturity Extension Program. D. Operation Twist.