When the output per hour of workers is high, the real wages of the workers will also be high.
A. True
B. False
B. False
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Forward Guidance refers to:
A. a process similar to open-market purchases B. information that a central bank provides to the financial markets regarding its expected future monetary- policy path C. lending of reserves by the Federal Reserve to commercial banks D. a process similar to open-market sales
Inflationary pressures caused the FOMC to increase the federal funds rate by ΒΌ of a percentage point in June 2004, and by exactly the same amount at every subsequent FOMC meeting through June of 2006. Theses actions
A) caused an upward movement along the monetary policy curve. B) caused a downward movement along the monetary policy curve. C) shifted the monetary policy curve upward. D) shifted the monetary policy curve downward.
Critics of stabilization policy argue that
a. policy affects aggregate demand quickly, but the effects on aggregate demand are long-lived. b. policy affects aggregate demand with a lag, and the effects on aggregate demand are long-lived. c. policy affects aggregate demand with a lag, but the effects are short-lived. d. policy does not affect aggregate demand.
A pure price change occurs
A. when technology and quality improve an item. B. when inflation alone increases the price of an item. C. with unanticipated inflation. D. when inflation exceeds expected inflation rates.