Monetary policy has an important influence on _____ and _____ in the short run
Fill in the blank(s) with correct word
inflation, unemployment
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If Real GDP increases at an annual rate of 3 percent and velocity increases at a rate of 2 percent per year, then rules-based monetary policy advocates who wish to maintain a stable price level would set the annual money supply growth rate at
A) -2 percent. B) 0 percent. C) 1 percent. D) 6 percent. E) -1 percent.
The tasks performed by the chef at your favorite restaurant could be categorized as
A. a service or intangible good. B. an economic good. C. a good. D. All of the above are correct.
A government is thinking about increasing the sales tax rate. Should it use static or dynamic tax analysis? Explain why one approach is better than the other
What will be an ideal response?
A significant adverse supply-side shock to the U.S. economy in mid-2008 came from
A. the plummeting world price of crude oil. B. increased federal spending on "shovel-ready" infrastructure projects. C. a tripling of world crude oil prices. D. all of the options are correct.