Among the prospective rules that set target variables directly, only the nominal GDP rule
A) provides a nominal anchor.
B) is easy for the Fed to achieve.
C) allows a neutral response to a supply shock.
D) is insulated from the effects of unstable velocity.
C
Economics
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Due to the recent increase in the price of natural gas, the quantity of coal demanded by electric power generation plants has increased. Based on this information, coal and natural gas are:
A) complements. B) substitutes. C) independent goods. D) none of the above
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The main shortcoming of the market, in the view of many,
A. lies in the arena of justice and injustice. B. lies in the area of consumer goods production. C. is its inability to stimulate the creation of new products. D. is its drag on growth in productivity.
Economics