About 1 out of every _____ black Americans is poor.
A. 12
B. 7
C. 4
D. 2
C. 4
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According to the Taylor rule, does the target for the federal funds rate respond differently for an increase in inflation caused by an increase in aggregate demand and for an increase in inflation caused by a decrease in short-run aggregate supply?
Explain whether there is or is not a difference in how the target for the federal funds rate changes.
In the Harrod-Domar growth model, if 12.5% of income is saved, the incremental capital output ratio is 2.5 and the rate of depreciation is 4%, what is the implied rate of growth?
What will be an ideal response?
The president of the United States receives tax policy advice from economists in the
a. Federal Reserve. b. Department of Justice. c. Department of the Treasury. d. Congressional Budget Office.
Which of the following is the best example of a public good?
A) a regional flood control project B) a state university C) a civic center owned and operated by the government D) an amusement park like Disney World