In Taylor Rule equation, high value of parameter a indicates that
A) Fed cares more about avoiding recessions and high unemployment than about avoiding inflation.
B) Fed cares more about avoiding inflation than about avoiding recessions and high unemployment.
C) Fed cares more about avoiding recessions than about avoiding high unemployment.
D) Fed cares more about avoiding high unemployment than about avoiding recessions.
B
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At a perfectly competitive firm, all of the following is true of the MRP curve EXCEPT
A) the MRP curve is the derived supply of labor. B) the MRP curve shifts leftward when labor productivity falls. C) the MRP curve shifts rightward when the product price rises. D) the MRP curve shifts leftward when the demand for the final product falls.
According to the text, in the century prior to the Revolution, ____________ were a "strategic factor in the overall economic advance of the colonies."
a. advances in technology b. advances in manufacturing c. advances in farm equipment d. advances in shipping
Which of the following is true of the marginal revenue curve of a monopolist? a. It always lies below the demand curve. b. It always lies above the demand curve. c. It has a slope of 2
d. It has a slope of 1.
______ has to do with the extent to which the actions of the representatives are in line with the interests of the people.
A. Retrospective voting B. Ideological congruence C. Clarity of responsibility D. Confessionalism