The FOMC is concerned about inflation and has ________ the federal funds rate. Due to substitution effects, other ________ interest rates will ________ almost immediately

Suppose that real GDP grows by 3 percent a year, the quantity of money grows 5 percent a year, and velocity does not change. In the long run, the inflation rate equals

A) 3 percent. B) 5 percent. C) 8 percent. D) 10 percent. E) 2 percent.

Restructuring in Texas went more smoothly than restructuring in California

Indicate whether the statement is true or false