Answer the following questions true (T) or false (F)
1. Since World War II, the Federal Reserve has not been involved in carrying out monetary policy.
2. Inflation rates during the years 1979-1981 were the highest the United States has ever experienced during peacetime.
3. The main goal of monetary policy for recent Fed Chairmen has been to maintain high employment in labor markets.
1. FALSE
2. TRUE
3. FALSE
You might also like to view...
Which of the following statements is true about the misperceptions theory?
A) Both anticipated and unanticipated changes in the nominal money supply have real effects on the economy. B) Neither anticipated nor unanticipated changes in the nominal money supply has real effects on the economy. C) Unanticipated changes in the nominal money supply have real effects, but anticipated changes are neutral. D) Anticipated changes in the nominal money supply have real effects, but unanticipated changes are neutral.
The current tax system is extremely progressive at the extreme ends of the income distribution
a. True b. False
Firms that maximize sales always produce more than profit-maximizing firms
a. True b. False Indicate whether the statement is true or false
The symbol for the variance of a sample of observations (of a quantitative variable) is:
a. s2 b. a2 c. s d. a