Describe the policy of "outright monetary transactions" or 0MT presented by the president of the European Central Bank in 2012
What will be an ideal response?
The ECB is now committed to purchase sovereign bonds of euro zone countries, potentially without limit, in order to control interest rates in the euro zone.
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If a 5 percent change in the price of a good leads to a 10 percent change in the quantity supplied, then the supply of the good is ________ and the elasticity of supply is ________
A) inelastic; 0.5 B) inelastic; 2.0 C) elastic; 0.5 D) elastic; 2.0
Which of the following reduces the duration of frictional unemployment?
A. retraining unemployed workers to equip them with new skills B. subsidizing firms that are willing to train new entrants in the labor market C. establishing employment agencies which give out information about job vacancies D. cestablishing labor unions which will protect workers from being laid off.