Using Taylor rule, the federal funds rate is increased or decreased according to what is happening to both real GDP and inflation
a. True
b. False
Indicate whether the statement is true or false
True
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Which population category equals the sum of employed and unemployed people?
A) working-age population B) labor force C) young and institutionalized D) not in the labor force
The long-run average total cost curve is constructed from the
A. Lowest average total cost for producing each level of output. B. Minimum points of the long-run marginal cost curves. C. Minimum points of the short-run marginal cost curves. D. Minimum points of the short-run average variable cost curves.
The main source of government funding is
A. transfer payments. B. borrowing. C. taxes. D. interest earned from holding bonds.
If financial intermediaries did not have the ability to pool the resources of small savers:
A. the risk associated with lending would decrease. B. the economy would grow faster. C. borrowers needing large amounts of money would find it more costly to obtain the funds. D. people would likely save more.