Inflation targeting has typically been accompanied by lower inflation
Indicate whether the statement is true or false
TRUE
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Which of the following is an exogenous variable in the Three-Sector-Model?
a. Real GDP b. GDP price index c. Real risk-free interest rate d. Required reserve ratio e. Quantity of real credit per time period
A person who is a __________ prefers a fair gamble to a certain outcome.
Fill in the blank(s) with the appropriate word(s).
The price of product X is reduced from $100 to $90 and, as a result, the quantity demanded increases from 50 to 60 units. Therefore, demand for X in this price range:
A. has declined. B. is of unit elasticity. C. is inelastic. D. is elastic.
When the economy is producing ________, the aggregate supply curve becomes vertical.
A. beyond full capacity B. at negative capacity C. at full capacity D. below full capacity