During the 1980s and 1990s, the Federal Reserve's monetary policy focused primarily on
a. keeping short-term interest rates low in order to stimulate real output and economic growth.
b. a variety of factors, such as unemployment and real GDP, resulting in variable inflation rates throughout this period.
c. keeping inflation low and the general price level relatively stable.
d. monetary expansion in order to reduce unemployment.
C
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Indentured servitude was first used to promote immigration in
a. Jamestown in 1618. b. Plymouth Colony in 1623. c. New York in 1630. d. Rhode Island Colony in 1652.
What would happen to aggregate demand if the federal government increased military purchases and state and local governments increased their road building budgets at the same time? a. AD would increase
b. AD would increase, because only federal government purchases affect AD. c. AD would increase only if the change in federal purchases were smaller than the change in state and local purchases. d. AD would decrease only if the change in federal purchases was smaller than the change in state and local purchases.
The tables above show the marginal costs and benefits from production of paper. If the market is perfectly competitive and unregulated, the equilibrium output is ________ of paper
A) 1,600 tons B) 2,400 tons C) 3,200 tons D) 4,000 tons
________ in the expected future domestic exchange rate causes the demand for domestic assets to shift to the right and the domestic currency to ________, everything else held constant
A) An increase; appreciate B) An increase; depreciate C) A decrease; appreciate D) A decrease; depreciate