On a Phillips curve diagram, an increase in the rate of inflation and a decrease in the rate of unemployment, is represented by a (an)
upward movement along the Phillips curve
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Are outstanding credit card balances counted as part of the money supply?
a. Yes; they are used to purchase things, and therefore, they are included in the money supply figures. b. No; money is an asset, while the credit card balances are a liability. Thus, they are not included in the money supply figures. c. Partly; credit card balances of $100 or less are included in the M1 money supply, but the money supply figures do not include balances in excess of $100. d. Partly; credit card balances are included in the M1 money supply, but not the M2 money supply.
Thanks to randomized controlled trials, policymakers and program managers can:
A. more confidently channel resources to approaches that work. B. more confidently channel resources to approaches that are cost effective. C. have at least some evidence that the programs chosen are better than others. D. All of these statements are true.
To try to eliminate a recessionary gap the Fed typically__________ the money supply, and to try to eliminate an inflationary gap the Fed typically __________ the money supply
A) increases; decreases B) increases; increases C) decreases; increases D) decreases; decreases
When inflation is less than anticipated inflation,
What will be an ideal response?