The Taylor rule is:
A. a rule adopted by Congress to make the Fed's monetary policy more accountable to the public.
B. the monetary policy setting formula followed explicitly by the FOMC.
C. an approximation that seeks to explain how the FOMC sets their target.
D. an explicit tool used by the ECB but not the Fed.
Answer: C
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Unions face a trade-off between higher wages and
A) fewer available positions. B) more available positions. C) equipment. D) none of the above.
A management plan to buy back corporate stock in the event of a threatened takeover is one form of shark repellent
Indicate whether the statement is true or false
The output of which of the following groups of companies is included in the calculation of Ireland's GNP:
(a) Pepsi, Kerry Group, Google. (b) Glanbia, Dunnes, Bank of Ireland. (c) Facebook, Twitter, Amazon. (d) All of the above are included.
If the economy is expecting a severe recession, which fiscal policy would you recommend?
A. Reduce spending for welfare programs. B. Reduce overall government spending. C. Increase taxes to reduce consumption. D. Reduce personal and corporate income taxes.