If the Fed aims to achieve a level of unemployment below its natural rate, it must follow time-inconsistent policies
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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According to new growth theory,
A) growth in real GDP per capita occurs only if there are increasing returns. B) technological change is influenced by economic incentives. C) economic growth is determined by forces outside the control of the market system. D) centrally-planned economies are the most efficient.
Economics
The "Four Freedoms" are an important goal of the
A) Treaty of Rome. B) Single European Act. C) European Monetary System. D) Maastricht Treaty.
Economics