Government policies intended to decrease aggregate spending and output are called ________ policies.

When it comes to choosing an policy instrument, both the ________ rate and ________ aggregates are measured accurately and are available daily with almost no delay

A) three-month T-bill; monetary B) three-month T-bill; reserve C) federal funds; monetary D) federal funds; reserve

The gap between the current unemployment rate and the natural rate of unemployment is called:

A) frictional unemployment B) structural unemployment C) cyclical unemployment D) full employment