The Federal Reserve will tend to tighten monetary policy when
a. interest rates are rising too rapidly.
b. it thinks the unemployment rate is too high.
c. the growth rate of real GDP is quite sluggish.
d. it thinks inflation is too high today, or will become too high in the future.
d
Economics
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Holding all else constant, an economic expansion in Mexico should decrease the demand for U.S. dollars
Indicate whether the statement is true or false
Economics
The slope of the budget constraint, when a consumer has reached optimal consumption of two goods, is equal to the
A. Total utility for the two goods. B. Marginal rate of substitution. C. Cross-price elasticity of the two goods. D. Marginal rate of indifference.
Economics