Fine-tuning involves the adoption of fixed policy rules regardless of the economic situation.
Answer the following statement true (T) or false (F)
False
Fine-tuning involves the use of policy in response to changes in the economy to maintain full employment.
Economics
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If the savings rate in an economy is 30%, and the GDP of the economy is $1,000, then the level of investment in the economy will be:
A) $330. B) $150. C) $600. D) $300.
Economics
If real output and velocity are stable and predictable, then the equation of exchange can be used to derive a simple relationship between: a. the money supply and the price level
b. the money supply and the interest rate. c. the money supply and the foreign exchange rate. d. unemployment and aggregate demand. e. unemployment and nominal GDP.
Economics