According to the Taylor Rule
What will be an ideal response?
for each 1 percent increase in the inflation rate above its target of 2 percent, the central bank should raise the real overnight lending rate by one-half a percent point.
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What is the difference between decreasing marginal returns and negative marginal returns?
What will be an ideal response?
If demand is inelastic, a drop in price will raise total expenditure.
Answer the following statement true (T) or false (F)
Which of the following is not an important antitrust law?
A) the Sherman Act of 1890 B) the Clayton Act of 1914 C) the Consumer Protection Act of 1932 D) the Federal Trade Commission Act of 1914 E) None of the above are antitrust laws.
An adverse supply shock would directly ________ labor productivity by changing the amount of output that can be produced with any given amount of capital and labor. It would also indirectly ________ average labor productivity through changes in the level of employment.
A. increase; decrease B. decrease; decrease C. increase; increase D. decrease; increase