In pursuing a strategy of monetary targeting, the central bank announces that it will achieve a certain value (the target) of the annual growth rate of a ________
A) a monetary aggregate
B) a reserve aggregate
C) the monetary base
D) GDP
A
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What is the name of the organization that defines business cycle peaks and troughs in the United States?
A) the National Bureau of Economic Research B) the National Peak and Trough Committee C) the Bureau of Labor Statistics D) the Federal Reserve
In the New Keynesian model, if there is a decrease in anticipated future total factor productivity, then
A) there should be no change in monetary or fiscal policy. B) the central bank's interest rate target should be increased. C) government spending should fall, and the central bank's interest rate target should rise. D) government spending should increase.
In the above figure, what is the wage rate the monopsonist will pay?
A) W1 B) W2 C) W3 D) W4
The general term elasticity refers to a relationship between
a. quantity demanded and price only b. quantity supplied and price only c. quantity supplied or demanded and price only d. quantity supplied or demanded and anything other than price e. percentage changes in any two variables