Under the leadership of Federal Reserve Chairman, _______________, the double-digit inflation of the 1970s and early 1980s was finally reduced using policies advocated by monetarists
a. Milton Friedman
b. Alan Greenspan
c. Paul Volcker
d. Alfred Kahn
c. Paul Volcker
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Based on the figure below, the economy is initially at point A on the monetary policy reaction function (RF1) and the aggregate demand curve (AD1). The actual rate of inflation is ?' and the Federal Reserve's target inflation rate is ?*1. 
If the Federal Reserve lowers its target inflation rate to ?*2, then the Federal Reserve's monetary policy reaction function will ________ and the aggregate demand curve will ________.
A. shift to RF3; shift to AD2 B. shift to RF2; shift to AD2 C. shift to RF2: shift to AD3 D. shift to RF3: shift to AD3
In game in Scenario 13.8,
A) Y is a dominant strategy for IVY Corp. B) Z is a dominant strategy for IVY Corp. C) A is a dominant strategy for SAC Group. D) B is a dominant strategy for SAC Group. E) No firm has a dominant strategy.
Refer to the graphs shown, which show indifference curve analysis with the associated demand curves.
The best explanation for a movement from point D to point F is:
A. an inward rotation of the budget constraint along the x-axis, forcing the consumer to move from point B to point A. B. an outward rotation of the budget constraint along the x-axis, allowing the consumer to move from point A to point B. C. a parallel shift of the budget constraint, allowing the consumer to move from point A to point C. D. an outward rotation of the budget constraint along the y-axis, allowing the consumer to move from point B to point C.
Among countries with per capita GDP in 2004 of less than $2,000,
A. the ruling party typically can print money when it wants. B. inflation rates tend to be high. C. central banks tend to be weak or non-existent. D. all of the options are correct.