In its macroeconomic equilibrium, the economy can be producing at i. below full employment. ii. full employment. iii. above full employment

The value of used goods ________ counted as part of GDP ________

A) are; as long as they are classified as consumption goods B) are; as long as they are classified as investment goods C) are not; because they were counted during the period when they were counted as new goods D) are not; because most fall in value and would cause a decrease in the value of GDP E) may be; as long as their value has risen

Which of the following is NOT an advantage of inflation targeting?

A) reduction of the time-inconsistency problem B) increased monetary policy transparency C) There is an immediate signal on the achievement of the target. D) consistency with democratic principles