The relationship between interest rates and investment spending is graphed as

According to the Taylor rule,

a. the Fed would have the discretion to choose an appropriate inflation rate b. the Fed would announce targets for the inflation rate and real GDP c. the Fed would allow the inflation rate to increase by about 0.5 percent per year d. the Fed would allow the price level to increase by about 0.5 percent per year e. Congress would set an annual inflation rate target

Stockholders of a corporation can be regarded as entrepreneurs because they

a. are ultimately the ones who hire or fire managers b. take the risks associated with corporate enterprise c. are compensated for the opportunity costs they incur when they invest their capital in the corporation d. are involved in the major management operations of the corporation e. invest their time and effort in managing the corporation