A numeraire is
A) an average good.
B) a tax levied on each consumer.
C) a good used as a unit of account.
D) an optimal bundle of goods.
C
Economics
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The Fed ________ influence the real interest rate in the short run and ________ influence the real interest rate in the long run
A) can; can B) cannot; can C) might be able to; might be able to D) cannot; cannot E) can; cannot
Economics
Predicting the impact of institutional change on the effectiveness of monetary policy is best done with a
A) structural model. B) reduced-form model. C) black-box model. D) scientific model.
Economics