According to Taylor's rule, all of the following variables help explain the behavior of the federal funds rate EXCEPT
A) output gap.
B) current inflation.
C) inflation gap.
D) yield curve.
D
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Suppose a player has a dominant strategy. Would she choose to play a mixed strategy (such as playing two strategies with probability 50-50)? Why or why not?
What will be an ideal response?
Using the above figure, the short-run break-even price for the perfectly competitive firm will be
A) P1. B) P2. C) P3. D) P4.
A monopolized market is characterized by:
a. a sole seller of a product for which there are few suitable substitutes. b. very strong barriers to entry. c. a single firm facing the market demand curve. d. all of these.
If your taxable income rises from $35,000 to $45,000, and the taxes you pay rise from $12,000 to $15,000, your marginal tax rate is
A. 10 percent. B. 20 percent. C. 30 percent. D. 40 percent. E. Impossible to determine.