Which of the following is (are) true regarding monetary policy targeting?
a. Since 1982, the Fed has emphasized money aggregate targets.
b. Milton Friedman said that the Fed should pay more attention to interest rates and should focus less on growth of money supply.
c. In the short run, it is useless to target interest rates as a tool of policy.
d. In 1979, the Fed deemphasized interest rates and targeted specific money aggregates.
d
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If the Fed wished to decrease interest rates, it could
A) increase the reserve requirement or conduct an open market sale. B) increase the reserve requirement or conduct an open market purchase. C) decrease the reserve requirement or conduct an open market sale. D) decrease the reserve requirement or conduct an open market purchase.
The marginal product of a variable input is calculated by dividing total product by the change in the variable input
Indicate whether the statement is true or false
Classical economists believed that the economy automatically moves toward equilibrium at full employment
a. True b. False Indicate whether the statement is true or false
If speculators with Swiss francs believed the yen was going to depreciate against the dollar, they would most likely: =
A. Purchase euros. B. Purchase dollars. C. Not participate in foreign exchange markets because of the volatility. D. Purchase yen.