In the Full Employment and Balanced Growth Act of 1978,
A. An unemployment goal of 4 percent was set, but no inflation goal could be set.
B. The president set an inflation goal of 0 percent.
C. Alan Greenspan set an inflation goal of 0 percent.
D. Congress set an inflation goal of no more than 3 percent.
Answer: D
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The deadweight loss associated with producing a product that has an external cost occurs because
A) too much output is produced. B) too little output is produced. C) the price that firms charge for the good is too high. D) not enough resources are allocated to producing the good. E) the marginal social cost does not equal zero.
AK growth models argue that which type or types of capital may not be subject to diminishing returns?
A) only physical capital B) physical capital and human capital C) human capital and knowledge D) knowledge and physical capital
Almost all event markets forecast accurately
Indicate whether the statement is true or false
The nominal interest rate tells you how fast the number of dollars in your bank account rises over time
a. True b. False Indicate whether the statement is true or false