The Taylor Rule provides policymakers with a target for
A) the federal funds rate.
B) the discount rate.
C) the inflation rate.
D) the unemployment rate.
E) c and d
A
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Generally, ________ motivates firms to enter an industry, while ________ motivates firms to exit an industry.
A. accounting profit; accounting loss B. economic profit; economic loss C. economic profit; accounting loss D. accounting profit; economic loss
In an administrative command economy, a price below equilibrium
a. means we can buy cheap goods freely b. creates opportunities for corruption c. does not matter at all d. both a and b are correct e. none of the above
Why are individual buyers and sellers in perfect competition called price takers?
What will be an ideal response?
Alan Greenspan argued that a low, stable inflation rate was the best way to achieve
A. low unemployment. B. low interest rates. C. low, stable oil prices. D. strong economic growth.