Describe in words the relationships established in the two equations used by the Federal Reserve to forecast the demand for M2.
What will be an ideal response?
The first equation describes the long-run relationship between demand for M2 and other variables. That equation shows that demand for M2 is proportional to the price level and related to aggregate income and the opportunity cost for M2. The second equation describes the factors that influence the growth rate of the demand for M2 in the short run. These include the past growth rate of the demand for money, past values of growth in consumer spending, and the past value of the nominal interest rate.
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A) Question and answer chain B) Journalistic approach C) Mind mapping D) Brainstorming E) Storyteller's tour
When ending an indirect message, a statement such as "I trust our decision is satisfactory" does what for the reader?
A) Avoids an uncertain conclusion B) Helps to manage future correspondences C) Expresses optimism D) Opens the opportunity for further discussion E) Shows the writer's sincerity
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A) flextime B) constant employment C) part-time status D) flexible workweek E) flexwork
Under the doctrine of sovereign immunities, a country cannot be forced to answer civil or criminal charges in a U.S. court
Indicate whether the statement is true or false