The most severe financial crisis in U.S history occurred in the years ________

If the inflation rate target is 2%, the current inflation rate is also 2%, and the output gap is zero, then according to the Taylor rule, the nominal federal funds rate should be ________ percent

A) zero B) two C) four D) three E) none of the above

The long run is best defined as:

A. a period of time sufficiently long that at least one factor of production is fixed. B. the period of time between annual accounting reports. C. one year or more. D. a period of time sufficiently long that all factors of production are variable.