Brazil and Russia both depend on capital equipment as their primary exports

Indicate whether the statement is true or false

FALSE

Economics

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Suppose the inflation rate target is "0" and the long run federal funds target is also "0." If the inflation rate is 4% and the output gap is -2%, the federal funds rate set by the Taylor rule is ________

A) 8% B) 2% C) 5% D) 6%

Economics

Fiat money means

A) only currency counts as money. B) the money can be converted into gold. C) the government has decreed that something is money. D) Italian currency. E) money's value does not change.

Economics