Exam 14: The Goals, tools, and Rules of Monetary Policy

The activist response to the monetarist platform says that

The central issue in the stabilization policy debate is

Monetarists believe that the major source of macroeconomic instability lies in

Since the mid-1980s,Federal Reserve policies have often been described as attempting

Which of the following contributed to the positive output ratio experienced in the 1960s?

The widespread,but not universal,consensus among economists would be to respond to

Which of the following equations represent Taylor Rule?

A major problem in developing an activist policy is

The major difference in the efficacy of monetary policy relative to fiscal policy is

At the end of the 1980s,bank regulators ________ various standards by which bank performance is measured thereby ________ banks willingness to lend.

In Gordon's early presentation of the IS-LM and AD/SRAS/LRAS models,macro policy was assumed to have ________ effects on aggregate demand.

If the Federal Reserve wants to control the level of interest rates

A clear-cut "rules versus discretion" debate is no longer possible because those economists advocating rules for ________,such as ________,must leave the Fed with plenty of discretionary power.

The shortest lag monetary policy faces is

Admission to the Euro required in 1997 that a country's government debt not exceed ________ percent of GDP.

In the schematic theory of economic policy,the demand for money is considered

Fed policies since the mid-1980s have been intended to

One of describing the debate between activists and non-activists is that

The measure of the effectiveness lag for a change in monetary policy is the length of time necessary for ________ of the ultimate effect to be felt.

If the Fed announces a new policy of slower monetary growth it will result in lower inflation and no change in output only if