Raising an existing tariff on grapes from Chile will:
a. increase U.S. imports of Chilean grapes
b. decrease U.S. consumption of domestically produced grapes.
c. decrease total U.S. consumption of grapes.
d. do all of the above.
c
Economics
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Actions on the part of monetary and fiscal policy makers that are undertaken in response to some change in the overall economy are known as
A) creative policy making. B) passive policy making. C) active policy making. D) nondiscretionary policy making.
Economics
According to the Taylor rule, if there is a recessionary gap of 2 percent of potential output and inflation is 4 percent, what real interest rate will the Fed set?
A. 0.015 B. 0.025 C. 0.03 D. 0.02
Economics