Which of the following would lead to an upward movement along the aggregate demand curve?
a. An increase in government purchases
b. An increase in the money supply
c. An increase in the price level
d. A decrease in the money supply
e. An increase in taxes
C
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The relationship between the growth rate of an economic variable, gt, and its level, yt, can be approximated by
A) gt = yt - yt - 1. B) gt = logt - log yt - 1. C) yt = log gt - log gt - 1. D) log gt = yt - yt - 1.
FOMC voting rights a. are given to all twelve regional bank presidents. b. rotate among the twelve regional bank presidents
c. rotate among the twelve regional bank presidents, except the president of the New York Fed, who always gets a vote. d. are all given to the president of the New York Fed, since all of the Fed's bond sales and purchases are conducted at the New York Fed trading desk.