The Fed has the least degree of discretion and the least to do under a policy rule setting
A) the growth rate of money.
B) the growth rate of high-powered money.
C) the Federal funds rate.
D) nominal GDP.
B
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A movement along a consumption function is caused by:
a. a change in households' real assets. b. a change in interest rates. c. changes in taxation policy. d. expectations of price changes. e. changes in households' disposable incomes.
__________ rights refer to the range of laws, rules, and regulations that define rights for the use and transfer of resources
A) Individual B) Constitutional C) Property D) Economic E) none of the above
Refer to the information provided in Figure 2.4 below to answer the question(s) that follow.
Figure 2.4According to Figure 2.4, as the economy moves from Point A to Point E, the opportunity cost of motorcycles, measured in terms of hybrid cars
A. remains constant. B. decreases. C. initially increases, then decreases. D. increases.
Explain how changes in relative income affect the value of a nation’s currency.
What will be an ideal response?