Federal Reserve policy tools include all of the following EXCEPT

You get bit by your neighbor's dog, and incur $200 in emergency medical expenses. What happens to GDP?

A) It increases by $200. B) It decreases by $200. C) It remains unchanged. D) It depends upon whether you or the dog owner pays the medical bill.

Suppose the Utopian economy has the following characteristics: 100,000 people in the noninstitutional population; 80,000 people employed; 20,000 people not in the labor force. What's the unemployment rate?

A) -20 percent B) 0 percent C) 25 percent D) 60 percent E) 80 percent