Which Federal Reserve Bank now regularly tracks target levels for the federal funds rate predicted by a basic Taylor-rule equation?
A. St. Louis
B. Chicago
C. Dallas
D. New York
Answer: A
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Sofia, a political science student, thinks that the government should intervene to revive declining industries like video rentals and print newspapers
The government, she reasons, can resolve the coordination problem of getting the agents in these markets to trade. Do you agree with her? Explain your answer.
When a U.S. investor buys a bond issued in a foreign country
A) the balance on the financial account decreases. B) the balance on the capital account decreases. C) the balance of trade decreases. D) the balance on the current account decreases.
On the Laffer curve, an increase in tax rates causes tax revenue to increase if the starting point is
A. to the right of the top. B. exactly at the top. C. to the left of the top. D. to the farthest point to the right.
A nonprice determinant of supply refers to something that:
A. affects supply other than the price. B. affects the price other than supply. C. determines how prices are affected by the seller's income. D. determines how large a role prices play in the supply decision.