Nominal GDP targeting ________
A) is consistent with a dual mandate
B) has been adopted in more countries than have adopted inflation targeting
C) is, compared to inflation targeting, easier both to implement and to explain
D) is preferred strongly by "conservative" central bankers
A
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According to the above table, the marginal factor cost of the seventh worker is
A) $24.00. B) $126.00. C) $42.00. D) $168.00.
Describe new growth theory. Explain how it differs from neoclassical growth theory
The more time that elapses, the
A. more price elastic is the demand for the product. B. greater the income elasticity of demand for a product. C. smaller the income elasticity of demand for the product. D. less price elastic is the demand for the product.
Compared to a country with an MPS of 0.05, a country with an MPS of 0.2 would have to change government expenditures by ________ as much to have the same impact on real GDP.
A. twice B. three times C. four times D. five times