The term ceteris paribus is an economic assumption that means
A) let the buyer beware.
B) common sense is reality.
C) the detail is in the interrelationship.
D) other things being equal.
D
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Using the Taylor rule, if the current inflation rate equals the target inflation rate and real GDP equals potential GDP, then the federal funds target rate equals the
A) current inflation rate plus the real equilibrium federal funds rate. B) real equilibrium federal funds rate. C) current inflation rate. D) current discount rate.
The supply of loanable funds curve reflects
a. the inverse relationship between the market interest rate and the quantity of borrowed funds b. the inverse relationship between the market interest rate and the quantity of saving c. the direct relationship between the market interest rate and the quantity of borrowed funds d. the direct relationship between the market interest rate and the quantity of saving e. the direct relationship between the market interest rate and the quantity of present consumption