Most Keynesians suggest that the Fed
A) use discretion in setting monetary policy.
B) use fiscal policy to combat unemployment in the short run.
C) follow a rule, such as keeping the money growth rate at 3%, regardless of the state of the economy.
D) use fiscal policy to combat inflation in the long run.
A
Economics
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The figure above shows the relationship between the price of a dozen roses and the quantity of roses a florist can sell. The slope between points C and D equals
A) 8. B) 4. C) 2. D) 1. E) 12.
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Macroeconomics is most likely to be concerned with
A. price determination in the car industry B. relative prices C. the efficient allocation of resources D. unemployment and inflation
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