The FOMC directive contains a target growth rate for
A) nominal GDP.
B) real GDP.
C) the inflation rate.
D) M2.
D
Economics
You might also like to view...
If an increase in x (the variable on the horizontal axis) from 6 to 8 units causes a decrease in y (the variable on the vertical axis) from 4 to 3 units, the slope equals
A) 2. B) -2. C) 1/2. D) -1/2.
Economics
What is true of both expansions and recessions?
a. There is a poorer than normal match between workers and their jobs. b. The labor market clears. c. The economy operates at its potential output. d. Cyclical unemployment is zero. e. None of the above.
Economics