A common feature(s) of the early years of transition
a. Recession
b. Hyperinflation
c. Creation of democracy
d. Macroeconomic stability
e. A and b
E
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According to the AS-AD model, when real GDP is less than potential GDP, the unemployment rate is definitely
A) equal to the natural unemployment rate. B) rising. C) falling. D) greater than the natural unemployment rate. E) less than the natural unemployment rate.
Answer the following statements true (T) or false (F)
1) The Fed increases interest rates mainly by selling government securities. 2) Ben Bernanke is the current (2013) chair of the Board of Governors. 3) A change in the reserve ratio will affect both the amount of the banking system's excess reserves and the multiple by which the system can lend on the basis of excess reserves. 4) The federal funds rate target is the most frequently used monetary policy tool.