Refer to Table 15-2. Consider the hypothetical information in the table above for potential real GDP, real GDP, and the price level in 2016 and in 2017 if the Federal Reserve does not use monetary policy
If the Fed wants to keep real GDP at its potential level in 2017, it should
A) increase income taxes. B) sell Treasury securities.
C) increase the required reserve ratio. D) buy Treasury securities.
D
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Describe how UPS has used positive technological change to improve its package handling and delivery schedule
What will be an ideal response?
The idea of bounded rationality is used to address all of the following characteristics EXCEPT
A) unbounded selfishness. B) unbounded knowledge. C) unbounded willpower. D) unbounded rationality.
When the Fed chooses to target the interest rate target, it loses control over targeting the economy's money supply
Indicate whether the statement is true or false
The government, concerned about the wealth redistribution problem caused by the inequality in debt holding among the rich and poor,
a. created low denomination (low priced) savings bonds b. made special efforts to sell bonds to private citizens c. made special efforts to sell bonds to the Federal Reserve d. prohibited the sale of bonds to foreigners e. created a proportional income tax on income derived from bonds