Using the traditional tools of monetary policy, the Federal Reserve has direct control over ________ and through that an ability to impact ________.
A. monetary base; short-term interest rates
B. long-term interest rates; mortgage rates
C. unemployment; inflation
D. mortgage rates; real GDP
Answer: A
Economics
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________ economic growth occurs when, after growth, exports and imports rise by the same proportion
A) Rising B) Neutral C) Biased D) Technological
Economics
Suppose the real gross domestic product (GDP) equals $100 billion this year and the nominal gross domestic product (GDP) is $200 billion. This implies that the price level has increased by _____
a. $200 billion b. 50 percent c. $100 billion d. 100 percent e. 200 percent
Economics