If the Fed's policy reaction function equals r = .02 + p, where r is the real interest rate, p is the inflation rate. If the real rate of interest is set at 5%, then the rate of inflation must be:

An agency that regulates product markets is the

A) Equal Employment Opportunity Commission. B) Environmental Protection Agency. C) Federal Trade Commission. D) Occupational Safety and Health Administration.

At which of the following did the United States agree to implement policies to reduce U.S. inflation and reduce oil imports?

A. Bretton Woods B. Louvre Accord C. Bonn Summit D. Plaza Accords