The Taylor Principle states that central banks raise nominal rates by ________ than any rise in expected inflation so that real interest rates ________ when there is a rise in inflation

The poverty line:

a. separates those on welfare from those not on welfare. b. equals three times an economy food budget. c. equals the median income level. d. all of these.

The components of M2 that are not also in M1:

A. sum to an amount that is smaller than the sum of the components of M1. B. are usable for making payments, but at a greater cost or inconvenience than currency or checks. C. are not usable for making payments. D. pay lower rates of interest than do the components of M1.