According to Alan Greenspan, the type of inflation that the Taylor Rule is best at addressing is
A) asset-price inflation
B) product-price inflation
C) both asset-price and product-price inflation
D) demand-induced-one-shot inflation
E) supply-induced one-shot inflation
B
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Why do we have to pay a price for most of the goods we consume?
What will be an ideal response?
The conclusion of the median voter model is that_____
a. private sector demands of the median voter influences their demand for public goods b. the median voter is omniscient c. public sector demand will be the demand of the median voter d. decision-making costs will be high if the median voter is rationally ignorant
Regulating a monopolistically competitive market:
A. is easier than regulating a monopoly. B. is more difficult than regulating a monopoly. C. is very common in the U.S. today. D. has grown over the past 50 years.
Which of the following economies have the highest degree of economic freedom?
a. Hong Kong and Singapore b. Argentina and Brazil c. Germany and Italy d. Russia and Nigeria