Federal Reserve policy appears to be
A) more concerned with avoiding recession rather than preventing inflation.
B) more concerned with preventing inflation rather than avoiding recession.
C) equally concerned with avoiding recession and preventing inflation.
D) motivated by whether inflation or recession is the current problem.
B
Economics
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The Latin phrase ceteris paribus means that when a relationship between two variables is being studied
A) neither of those two variables is allowed to change. B) both are treated as unpredictable. C) we recognize that some factors are unknown. D) all other variables are held fixed.
Economics
GDP per capita means GDP
A) divided by the capital stock. B) adjusted for inflation. C) in real terms. D) per person.
Economics