The Federal Reserve can directly affect its monetary policy ________, which then affect its monetary policy ________
A) goals; targets
B) goals; tools
C) targets; goals
D) targets; tools
Answer: C
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In the above figure, the letters A, B, and C represent which positions in the business cycle?
A) peak, expansion, and recession, respectively B) recession, expansion, and peak, respectively C) expansion, peak, and recession, respectively D) peak, recession, and expansion, respectively
Refer to Table 16-3. If Julie charges $10 per hour, what is the value of the consumer surplus received by Dawn?
A) $2 B) $10 C) $12 D) $22
Given the table above, suppose consumption in period two is $40,000. Then, the interest rate rises to five percent, and period-two consumption does not change. We may infer that ________
A) the income effect is stronger than the substitution effect B) the substitution effect is stronger than the income effect C) the substitution and income effects cancel out D) this consumer has a binding borrowing constraint
Monetary policy and fiscal policy are the only factors that influence aggregate demand
a. True b. False Indicate whether the statement is true or false