If the public is not sure about the central bank's motives, then
A) initial releases of data may be less accurate than later data releases.
B) the predominant source of shocks to the economy must be shocks to the LM curve.
C) central bankers should try to stabilize the inflation rate.
D) modern macroeconomic modeling techniques will fail.
C
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Which of the following will tend to decrease the excess reserves of the commercial banking system? a. The central bank buys bonds from the public
b. The central bank sells bonds to a commercial bank. c. The central bank reduces its discount rate. d. The central bank decreases the required reserve ratio.
To determine total cost, the businessperson must know
a. input quantity and output price. b. output quantity and output price. c. output quantity and input price. d. input quantity and input price.