According to the Taylor rule, the Fed will set the federal funds rate target based on which of the following?
A) an estimated long-run real interest rate
B) the current deviation of the actual inflation rate from the Fed's inflation objective
C) the proportionate gap between actual real GDP and a measure of potential real GDP
D) all of the above
D
Economics
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If a fair game is played many times the monetary losses or gains will:
a. approach zero. b. be negative. c. be positive. d. result in an outcome that cannot be determined without more information.
Economics
Which of the following is not a store of value?
a. Dollar bills. b. Credit card. c. Coins. d. Gold.
Economics