Multiple Choice
A 1977 amendment to the Federal Reserve Act of 1913 says the Fed should "promote" which of the following goals?
A) only price stability
B) only maximum employment
C) only price stability and maximum employment
D) price stability,maximum employment,and moderate long-term interest rates
Correct Answer:
Verified
Correct Answer:
Verified
Q5: The time inconsistency of policy implies that<br>A)what
Q6: As it is usually practiced,inflation targeting sets<br>A)a
Q7: Suppose that the central bank must follow
Q8: The political business cycle refers to<br>A)the fact
Q9: Assume a central bank follows a rule
Q11: The Federal Open Market Committee<br>A)must submit its
Q12: The Federal Open Market Committee<br>A)operates with almost
Q17: According to the political business cycle theory,
Q30: The Federal Open Market Committee<br>A)by law must
Q74: Time inconsistency will cause the<br>A)short-run Phillips curve