Ending the "Great Inflation" era in the 1970s is an example of
A) inflation targeting.
B) exchange rate targeting.
C) central bank independence.
D) appointment of a more conservative central banker.
E) all of the above.
D
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Consumer surplus can be measured as the area between the demand curve and the equilibrium price
a. True b. False Indicate whether the statement is true or false
Which statement is true?
A. Banking began in biblical times. B. Most banks do NOT have national charters. C. Bankers would like to hold a reserve ratio of about 10 percent. D. About half the banks in the United States are members of the FDIC.
Each fall the government subsidizes flu shots because:
A. flu shots given to some prevent the spread of disease to others. B. people are unwilling to pay for something that will cause them pain. C. flu shots are a public good. D. there is excess supply of flu vaccine and the government must get rid of the surplus.
The short-run aggregate supply (SRAS) curve represents the relationship between
A. the price level and the real Gross Domestic Product (GDP) without full adjustment or full information. B. the price level and the nominal Gross Domestic Product (GDP). C. the price level and the real Gross Domestic Product (GDP) without full adjustment but with full information. D. the decisions of producers and the decisions of consumers.