The "Taylor rule" for monetary policy provides the Fed with a
a. mechanical prescription for monetary policy.
b. benchmark to guide policy decisions.
c. time frame for discount rate changes.
d. rule for changing the M1 money supply.
b
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According to Alfred Chandler (1977), big business could be justified, at least in part, by
(a) a rapid rate of innovation among big firms. (b) periodic recessions in which alert big businessmen buy out bankrupt firms and expand operations. (c) a relatively low rate of bankruptcies among big firms. (d) its ability to take advantage of scale economies—big business could best take advantage of technology and economies resulting from large-scale production processes.
A 2005 U.S. Supreme Court ruling was considered very controversial because the justices cited international opinion regarding
a. human trafficking. b. undocumented immigrants. c. abortion. d. the death penalty.
__________ flows from government to households
A) A transfer payment B) A tax payment C) The Laffer Curve D) Crowding out
The International Fisher Effect implies that the country with the higher interest rate should have lower inflation.
a. true b. false