Which of the following is a likely objective of monetary policy?
A) achieving price stability
B) stabilizing economic activity
C) closing the output gap to zero
D) all of the above
E) none of the above
D
Economics
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If P = Q/15 represents market supply for a competitive industry and market demand is given by Qd = 500 - 10P, the equilibrium price is:
A. $12.50. B. $50.00. C. $20.00. D. $31.25.
Economics
Which would be included in the definition of the money supply? Currency and checkable deposits owned by:
A. the public. B. the Federal Reserve Banks. C. the U.S. Treasury. D. commercial banks.
Economics