Multiple Choice
The choice between hawk and dove positions depends on
A) the extent of cyclical unemployment at the time of the decision
B) relative importance of short-run and long-run monetary considerations
C) cooperation between Congress and the monetary authorities
D) the frequency of negative supply shocks
E) the Fed's relative concern for price and employment stability
Correct Answer:

Verified
Correct Answer:
Verified
Q3: If the Fed wants to move the
Q4: The Federal Reserve has been quite successful
Q5: The outcome of monetary policy can never
Q6: The long-run Phillips curve is vertical.
Q7: When economists say that there is a
Q9: According to the Taylor rule,<br>A) the Fed
Q10: In the long run,monetary policy can<br>A) change
Q11: The Fed does not try to reduce
Q12: If unemployment is below the natural rate,GDP
Q13: The long-run Phillips curve is downward-sloping.