Which of the following is a monetary policy goal?
i. keeping the inflation rate low
ii. attaining maximum employment
iii. keeping the long-term interest rate at a moderate level
A) i only B) ii only C) iii only D) i and iii E) i, ii, and iii
E
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The dummy variable trap is an example of
A) imperfect multicollinearity B) something that is of theoretical interest only C) perfect multicollinearity D) something that does not happen to university or college students
Keynes believed that the best method for boosting an economy during a recession was to: a. increase money supply so that individuals would have more incentive to spend
b. cut government spending and increase taxes to reduce or even eliminate fiscal deficit. c. increase government spending and cut taxes so that consumers could spend more. d. cut both government spending and taxes to reduce government expenditure in the economy. e. increase both government spending and taxes to increase the role of government in the economy.