Fed policies since the mid-1980s have been intended to
A) steepen the growth path of natural real GDP.
B) taper down the growth rate of actual real GDP as it approaches natural real GDP.
C) accelerate the growth rate of natural real GDP whenever actual real GDP exceeds it.
D) use the "runway" of natural real GDP as a springboard to faster growth.
B
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During a discussion with fellow economics students, Oliver emphasized the fact that prices and wages are sticky and they do not adjust quickly. Which of the following macroeconomic perspectives has most likely had the greatest influence on Oliver?
a. Classical b. Keynesian c. Neo Keynesian d. Neoclassical
An increase in the expected price level shifts the short-run aggregate supply curve to the right
a. True b. False Indicate whether the statement is true or false