If the MPC in the United States was low, it would increase the value of the multiplier.

From the information in the above table, what is the marginal utility of the third quart of ice cream?

A) 80 B) 70 C) 60 D) 230

Suppose the equilibrium real federal funds rate is 3 percent, the target rate of inflation is 3 percent, the current inflation rate is 1 percent, and real GDP is 8 percent below potential real GDP

If the weights for the inflation gap and the output gap are both 1/2, then according to the Taylor rule the federal funds target rate equals A) -3 percent. B) -1 percent. C) 3.5 percent. D) 7 percent.