Official data on unemployment are based on
A) a survey of households by the Bureau of the Census.
B) employer data on hiring rates.
C) the number of actual payments for unemployment compensation.
D) the number of claims for unemployment compensation.
E) the number of responses to ads in the help-wanted section of major newspapers.
A
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Suppose the inflation rate target is "0" and the long run federal funds target is also "0." If the federal funds rate set using the Taylor rule is 1.5% and inflation rate is 3%, the output gap is ________
A) 1.5% B) 6% C) -6% D) 4.5%
The type of monetary policy regime that the Federal Reserve has followed From the 1980s up until the time Ben Bernanke became chair of the Federal Reserve in 2006 can best be described as
A) monetary targeting. B) inflation targeting. C) policy with an implicit nominal anchor. D) exchange-rate targeting.
When borrowing money to purchase an automobile, Raul has the choice between a fixed nominal interest rate or adjustable nominal interest rate loan. Typically the adjustable rate loans start with a lower rate than the fixed rate loans. Given that, under what circumstances would Raul most likely want to borrow money at the higher fixed rate?
a. When he expects the inflation rate to rise b. When he expects the inflation rate to decrease c. When he expects the inflation rate to remain unchanged d. When he expects the price level to remain stable e. When he expects the government to act to lower the inflation rate
In perfectly inelastic supply, the quantity doesn't change which means . . . No deadweight loss and no underproduction
What will be an ideal response?