A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal
A) anchor.
B) benchmark.
C) tether.
D) guideline.
A
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Refer to Figure 2-18. Which two arrows in the diagram depict the following transaction: Dorian Gray hires "Wild Oscar," a professional portrait artist, to paint his picture
A) J and M B) K and G C) K and M D) J and G
Other things constant, if the demand for computer scientists rises,
a. the wages of computer scientists will tend to fall. b. employment of computer scientists will tend to rise. c. there will be a surplus of computer scientists. d. there will be a shortage of computer scientists.
The demand for labor is downward sloping because of:
a) Diminishing marginal returns to labor. b) Rising price. c) Falling marginal cost. d) Rising marginal physical product.
Over the last four decades the U.S. had
A. only balanced budgets. B. only surpluses. C. only deficits. D. both deficits and surpluses.