For purposes of monetary policy, the Federal Reserve has targeted the interest rate known as the
A) federal funds rate.
B) Treasury bill rate.
C) discount rate.
D) prime rate.
Answer: A
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An increase in the income tax rate ________ the value of the tax multiplier
A) decreases B) increases C) has no effect on D) may increase or decrease
Voters are often influenced by opinion polls. They end up voting for the party that is likely to win according to the opinion poll. This occurs due to ________
A) anchoring B) herding C) sniping D) signaling
________ imposes a conceptual structure and inherent discipline on policy makers, but without eliminating all flexibility
A) Constrained discretion B) A policy rule C) A discretionary policy D) The Taylor rule
A perfectly inelastic demand curve is
a. a vertical straight line b. a horizontal straight line c. a downward-sloping straight line d. an upward-sloping straight line e. not a straight line