During his tenure at the helm of the Federal Reserve System, Paul Volcker reestablished ________
A) a system of fixed exchange rates
B) the role of open market operations in the monetary policy actions of the Fed
C) the credibility of the Federal Reserve as an inflation fighting institution
D) the targeting of monetary aggregates, like the fed funds rate
C
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The combination of price level and real output that is compatible with both aggregate demand and aggregate supply is the definition of
A. Macro equilibrium. B. Disposable income. C. Real expenditures. D. Full-employment GDP.
The Federal Reserve has had the authority to vary reserve requirements since the
A) 1920s. B) 1930s. C) 1940s. D) 1950s.
According to Schumpeter, why don't competitive firms innovate?
Environmental destruction is peculiar to centrally planned economies
a. True b. False Indicate whether the statement is true or false