In 1981, the Fed
A) publicly announced an inflation reduction policy and created a recession.
B) took no action so that the inflation rate skyrocketed.
C) created an unexpected inflation reduction policy and created a recession.
D) created an unexpected inflation reduction policy and created an expansion.
E) publicly announced an inflation reduction policy and created an expansion.
The figure above shows some Phillips curves for an economy.
C
You might also like to view...
The primary purpose of the FDIC is to reduce the potential for
A) reserve cheating. B) government regulations. C) excessive interest rates. D) bank runs.
Critics of supply-side economics argue that a major flaw is
a. the small magnitude of supply-side effects. b. the large size of demand-side effects. c. increased income inequality. d. All of the above.
The recessions associated with the business cycle come at regular intervals
a. True b. False Indicate whether the statement is true or false
There are a quarter of a million dairy farmers in the country. The best model to analyze this market is
A. monopolistic competition. B. perfect competition. C. oligopoly. D. monopoly.