According to economists Robert Lucas and Thomas Sargent, when are the gains to accurately forecasting inflation highest?
A) when inflation is high and stable B) when inflation is moderate but stable
C) when inflation is high and unstable D) when inflation is low
C
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The Taxpayer Relief Act of 1997 created the Hope Higher Education Scholarship program, which provides a maximum of $1,500 in tax credits for the first two years of college for families with adjusted gross incomes of less than $100,000 . Which factor(s) of production will change as a result of this program? Explain how this program is expected to affect the U.S. production possibilities curve
When a currency is devalued, exporters benefit
Indicate whether the statement is true or false
One of the principal ways in which Congress intended the Fed to provide insurance against financial panics was to act as a "lender of first resort."
a. True b. False Indicate whether the statement is true or false
Since 1970, the poverty rate has largely fluctuated between:
A. 5 and 10 percent. B. 10 and 15 percent. C. 15 and 25 percent. D. 0 and 5 percent.