The predictions of Fed behavior provided by the Taylor rule are:
A. seldom accurate.
B. extremely accurate.
C. reasonably accurate.
D. never accurate.
Answer: C
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Throughout U.S. history, the debt-GDP ratio has jumped sharply higher during
A) cyclical expansions. B) stock market crashes. C) wars. D) Presidential election years.
A policy that raises taxes or reduces government spending is called:
A. a contractionary monetary policy. B. a contractionary fiscal policy. C. an expansionary monetary policy. D. an expansionary fiscal policy.
Which of the following is part of the M1 definition of money?
a. stocks b. savings deposits c. time deposits d. demand deposits
What is the total revenue of a shoe company equal to?
A. income minus explicit and implicit costs B. the change in quantity sold divided by the change in price C. price of shoes times quantity sold D. elasticity of demand divided by percentage change in quantity