According to estimates of the Taylor rule, monetary policy was too tight
A) from 1960 to 1965.
B) from 1965 to 1979.
C) in the 1980s.
D) in the 1990s.
C
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The Fed accidentally discovered open market operations when
A) it came to the rescue of failing banks in the early 1930s, and found that its purchases of bank loans injected reserves into the banking system. B) it purchased securities for income following the 1920-1921 recession. C) it attempted to slow inflation in 1919 by selling securities and found that its sales drained reserves from the banking system. D) it reinterpreted a key provision of the Federal Reserve Act.
Since 1950, the U.S. data show that the average annual rate of growth was greater for real GDP than for real GDP per capita.
Answer the following statement true (T) or false (F)
In the United States, the average person mostly patronizes firms that operate in
A) perfectly competitive markets. B) monopolistically competitive markets. C) oligopolies. D) monopolies.
Refer to the information provided in Table 13.1 below to answer the question(s) that follow. Table 13.1Price ($)Quantity4.002,0003.502,4003.002,8002.503,2002.003,6001.504,0001.004,400Refer to Table 13.1. If a monopoly faces the demand schedule given in the table, its marginal revenue is positive
A. at all prices above $3.00. B. at all prices. C. at all prices below $3.00. D. at all price but $3.00.