Fluctuations in the demand for reserves cause the Fed to lose control over a monetary aggregate if the Fed targets
A) a monetary aggregate.
B) the monetary base.
C) an interest rate.
D) nominal GDP.
C
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The formula used to determine how long it will take a country to double its real GDP is called
A) the nominal-to-real formula. B) the double-or-nothing formula. C) the expenditure multiplier. D) the rule of 70.
Which of the following four-firm concentration ratios is consistent with monopolistic competition?
A) 100 percent B) 75 percent C) 25 percent D) 0 percent E) 91 percent
Apple has been producing the new iPhone throughout 2013, but doesn't plan to sell it until March 2014. How are these iPhones, which are sitting in a warehouse somewhere in the U.S., affecting GDP?
A. They are considered inventory until they sell, so investment will increase when they are sold in 2014. B. They are inventory and will decrease investment in 2013. C. They are not counted in GDP at all since they were not sold. D. They will increase GDP only in the year they are produced, 2013.
Hierarchy of effects model is mostly used in ___
Fill in the blank(s) with the appropriate word(s).