Refer to Figure 17-1. What should the Federal Reserve do if it wants to move from point A to point B in the short-run Phillips curve depicted in the figure above?
A) lower taxes
B) buy treasury bills
C) lower the discount rate
D) increase the money supply
E) sell treasury bills
E
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"The plan to create private accounts in Social Security will reduce benefits for some workers," is an example of a ________ statement, while "Social Security will be better if the private accounts are allowed" is an example of a ________ statement.
A. structural policy; fiscal policy B. normative; positive C. positive; normative D. monetary policy; fiscal policy
In June 2012, the U.S. labor force consisted of 142,415,000 employed and 12,749,000 unemployed. The U.S. unemployment rate for June 2012 was about
A) 7.4 percent. B) 8.2 percent. C) 9.0 percent. D) 11.2 percent.
The exchange rate of currencies between countries affects the prices of the goods purchased and sold between them
Indicate whether the statement is true or false
What are some of the forms that central planning has taken in developing nations today?
What will be an ideal response?