If policy makers decide to decrease the inflation rate very slowly, it is referred to as ______.
a. indexing
b. going cold turkey
c. de-escalation
d. gradualism
d. gradualism
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When a corporation announces a major decline in earnings, the stock price may initially decline significantly and then rise back to normal levels over the next few weeks. This impact is called
A) the January effect. B) mean reversion. C) market overreaction. D) the small-firm effect.
Zero lower bound refers to the fact that
A) the government budget deficit must be zero in the long run. B) the lowest possible level of the current account deficit is zero in the long run. C) the inflation rate can never decline below zero. D) nominal interest rates cannot fall below zero.
The ozone layer:
a. protects us from ultraviolet rays which can cause cancer and blindness. b. has been damaged as a result of the Montreal Protocol. c. has been damaged as a result of the ban on CFCs. d. is another term for the greenhouse effect.
A "free rider" in economic theory is someone who
What will be an ideal response?