The academic work of Ben Bernanke, recent Chairman of the Board of Governors of the Federal Reserve System, suggests that he is a firm advocate of ________
A) fixed exchange rates
B) inflation targeting
C) decreased central bank transparency
D) nominal GDP targeting
B
You might also like to view...
To get the first order conditions in a profit maximization problem, we must ________
A) set the profit function equal to zero and solve for the production function B) set the partial derivatives of the production function equal to zero and solve for the price C) set the partial derivative of the profit function equal to zero and solve for the marginal products D) set the production function equal to zero and solve for the marginal products E) none of the above
Economists believe that oligopolists like American Airlines and the Kellogg Company:
a. make price and output decisions without regard to what their competitors might do b. have no perceptible influence on the market price, but choose output where marginal revenue equals the marginal cost of production. c. carefully watch and anticipate the moves of their competitors. d. have no control over market but produce output to the point where demand equal marginal cost.
Financial monetary assets which often cannot be readily used in commercial exchanges are included in:
A. M1. B. M2. C. credit cards. D. prepaid accounts.
After an unexpected ________ in the price of oil, the long-run adjustment decreases the price level and ________ the unemployment rate as they return to their original levels
A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases