Refer to the information above. Which of the following represents the steady-state growth rate of output in this economy?
A) 2%
B) 3%
C) 5%
D) 10%
E) 15%
C
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In what ways is the Fed independent of the political process?
What will be an ideal response?
A series of pro-labor laws were enacted by President Roosevelt and the U.S. Congress primarily as a result of the plight of workers during the Great Depression
Indicate whether the statement is true or false
An unexpected reduction in inflation would tend to benefit which of the? following?
A) creditors
B) debtors
C) creditors and debtors
D) neither creditors nor debtors
During a recession, policy makers who use the AS/AD model would probably recommend an open market:
A. purchase of government securities that raises interest rates. B. sale of government securities that reduces interest rates. C. sale of government securities that raises interest rates. D. purchase of government securities that reduces interest rates.