Which of the following would be most likely to enhance the growth rate of an economy
What will be an ideal response?
gradual elimination of all tariffs over the next 10 years
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According to the Taylor rule, the Federal Reserve sets interest rates in response to:
A. the inflation rate and the current output gap. B. the inflation rate and the unemployment rate. C. the current output gap and the target money supply growth. D. the S&P 500 index and the inflation rate.
What causes the market supply curve to shift rightward?
a. Increase in the aggregate demand b. Decrease in the number of existing firms c. Decrease in the price level d. Increase in the cost of production e. Entry of new firms
A country is experiencing civil unrest. What is likely to happen to the value of its currency?
A. It will stabilize. B. It will increase. C. It will decrease. D. It will not be affected.
Which of the following is the best definition of autonomous in the phrase “the autonomous factors that influence consumption?”
a. independent of income b. independent of inflation c. self-correcting d. self-aware