Recent policy statements by the FOMC announce and explain its:
A. targets for money growth with no mention of interest-rate targets.
B. decisions for long-term interest rates.
C. short-term interest-rate and balance-sheet adjustments with no mention of money growth targets.
D. decisions for money-growth targets but also mentioning short-term interest-rate decisions.
Answer: C
You might also like to view...
The reliability of a study using multiple regression analysis depends on all of the following with the exception of
A) omitted variable bias. B) errors-in-variables. C) presence of homoskedasticity in the error term. D) external validity.
Figure 33-8
?
In Figure 33-8, which of the following movements reflects the closing of an inflationary gap through the economy’s self-correcting mechanism?
A. A to B B. A to C C. C to E D. D to E
An increase in the price of Irish whiskey imported into the United States will be reflected in
a. both the U.S. GDP deflator and the U.S. CPI. b. neither the U.S. GDP deflator nor the U.S. CPI. c. the U.S. GDP deflator, but not the U.S. CPI. d. the U.S. CPI, but not the U.S. GDP deflator.
Exhibit 4-8 Demand and supply curves
In Exhibit 4-8, a movement from A to B is best explained by:
A. an increase in income and in the number of suppliers. B. an increase in the price of other goods. C. an increase in the population. D. a decrease in income if X is a normal good and an improvement in the technology used to produce the good.