Monetary regimes
A. allow the greatest policy flexibility.
B. follow the Taylor rule.
C. involve feedback rules.
D. are created to undermine expectations.
Answer: C
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Which of the following is NOT included in measured U.S. GDP?
A) the value of the pizzas produced at Pizza Hut in Kansas City B) the value of leisure time C) the value of the goods produced at a French owned plant in Atlanta, Georgia D) the value of the services produced by a lawyer in Tampa, Florida E) the value of a plane produced by Boeing in Washington and sold to Air France
Existing employees prefer:
A. negative elastic supplies of labor. B. elastic supplies of labor. C. unit-elastic supplies of labor. D. inelastic supplies of labor.
In real terms, the cost of government spending is measured by
A. Subtracting private sector output from the public sector output sacrificed when the government employs scarce resources. B. The public sector output sacrificed when the government employs scarce resources. C. The private sector output sacrificed when the government employs scarce resources. D. Combining the private sector output with the public sector output sacrificed when the government employs scarce resources.
the price of one good in comparison with the price of other goods
What will be an ideal response?