Between 1970 and 2000, the Fed:
A. never published targets or actual amounts for money growth.
B. published targets for money growth and rarely hit them.
C. published their targets for money growth and often hit these targets.
D. published actual money growth but not targets.
Answer: B
You might also like to view...
Growth in GDP systematically understates the growth in national well-being because
A. ecological costs are netted out of GDP. B. “bads” as well as “goods” get included in GDP. C. investment is not included in GDP. D. as a country gets richer, leisure time increases.
If the reserve ratio is 5 percent, then the money multiplier is approximated to be:
A. 10. B. 5. C. 2. D. 20.
An economic system that permits the conduct of business with minimal government intervention
a. free enterprise b. traditional economy c. incentive d. safety net e. socialism
Event risk is the possibility that
A. the overall price level will rise faster than expected, so that the lender is repaid in dollars that are worth less than the lender expected. B. a borrower will face some circumstance that will prevent the borrower from paying the loan back. C. a major catastrophic occurrence, such as a hurricane, flood, or terrorist attack, will lower the return on the investment. D. the lender will go bankrupt before the loan is fully repaid.