The Fed's first forward guidance in 2009 was framed in terms of keeping interest rates low
A) for an extended period.
B) at least until a particular date in the future.
C) based on outcomes for the unemployment rate and inflation rate.
D) until the next Presidential election.
A
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When does a decrease in supply raise the price more: When demand is elastic or when demand is inelastic? When OPEC decreases the supply of oil, the price of gasoline skyrockets. Hence is the demand for gasoline elastic or inelastic?
What will be an ideal response?
The primary distinction between an expenditure that is on budget and an expenditure that is off budget is _____
a. that all off-budget expenditures are entitlements b. that all on-budget expenditures are public goods or quasi-public goods c. that Congress has determined the expenditures should be on budget or off budget d. a and b
Suppose there are 11 buyers and 11 sellers, each willing to buy or sell one unit of a good, with values {$14, $13, $12, $11, $10, $9, $8, $7, $6, $5, $4,}. Assume no transaction costs and a competitive market. At the optimal bid-ask spread, how many transactions would the market maker undertake in this market
a. two transacttions b. three transactions c. four transactions d. five transactions
An increase in the supply of labor
a. increases the equilibrium wage and increases the value of the marginal product of labor. b. increases the equilibrium wage and decreases the value of the marginal product of labor. c. decreases the equilibrium wage and increases the value of the marginal product of labor. d. decreases the equilibrium wage and decreases the value of the marginal product of labor.