In 2010, the debt-to-GDP ratio increased to roughly the same ratio as the 1990s
a. True
b. False
Indicate whether the statement is true or false
False
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In the New Keynesian model, the central bank achieves its interest rate target
A) by announcing it. B) by closing the output gap. C) through money growth targeting. D) by the supplying the quantity of money demanded at the target interest rate.
White women earn an average of 25% less than white men. A labor economist who wants to investigate whether the differences in earnings indicate labor-market discrimination against women should consider whether white men and women have similar (i) years of work experience. (ii) educational attainments. (iii) occupations. (iv) child care responsibilities
a. (i) and (ii) only b. (iii) and (iv) only c. (ii) only d. (i), (ii), (iii), and (iv)
Over which of the following does the Fed have some control?
a. a commercial bank based in Paris, France b. a pension fund based in Albany, New York c. a commercial bank based in Wichita, Kansas d. a pension fund based in Tokyo, Japan
Most economists believe that the theory of rational expectations is
A. more correct in the long run than the short run. B. more correct in the short run than the long run. C. correct in both the long run and short run. D. incorrect because it is based on false logic.