In the early 1980's the Fed tightened monetary policy. Over the next few years
a. inflation remained high and unemployment rose.
b. inflation fell but unemployment rose temporarily.
c. inflation and unemployment fell.
d. inflation and unemployment rose.
b
Economics
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If people accurately speculate that a run on one bank will result in a run on all banks, the financial system would experience what is known as a
A) financial death spiral. B) clearinghouse collapse. C) bank panic. D) commodity crisis.
Economics
Which of the following statements regarding the consumer price index and the GDP deflator is correct?
a. The two price measures are always equal. b. Divergence between the two price measures is the rule, not the exception. c. Divergence between the two price measures is the exception, not the rule. d. None of the above is correct.
Economics