Innovation is the act of putting an invention to practical use.
Answer the following statement true (T) or false (F)
True
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The Fed's use of the ________ as an operating target in the 1970s resulted in ________ monetary policy
A) federal funds rate; countercyclical B) federal funds rate; procyclical C) M1 money supply; countercyclical D) M1 money supply; procyclical
A high current rate of inflation ________ those who have saved and ________ those who have borrowed
A) harms, helps B) harms, has no effect on C) helps, helps D) helps, has no effect on E) helps, harms
Can an economy expect to attain an unemployment rate of zero? Why or why not?
What will be an ideal response?
Higher rates of interest increase the opportunity cost of holding money balances
a. True b. False Indicate whether the statement is true or false