The Federal Reserve monetary policy goals of maximum employment mean
What will be an ideal response?
keeping the unemployment rate close to the natural unemployment rate
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If gold becomes acceptable as a medium of exchange, the demand for gold will ________ and the demand for bonds will ________, everything else held constant
A) decrease; decrease B) decrease; increase C) increase; increase D) increase; decrease
From the World Bank's establishment after WWII through the mid-1960s, its development aid focused on
a. basic human needs. b. good governance. c. structural adjustment. d. infrastructure.
There is an inverse relationship between the required reserve ratio and the money supply
Indicate whether the statement is true or false
Keynes believed
A. recessions were temporary. B. budget deficits were to be avoided at all costs. C. any kind of spending was necessary to get us out of a depression. D. both wages and prices were downwardly flexible.