In today's Fed, its primary strategy is to
a. target the federal funds rate in the short-run, target inflation in the long-run.
b. target inflation
c. target the money supply.
d. target the federal funds rate in the short-run, balance inflation and output goals in the long-run.
D
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During recessions, output
a. and unemployment both fall b. and unemployment both rise c. rises, but unemployment falls d. falls, but unemployment rises e. rises and unemployment remains constant.
Suppose that jeans that were fashionable in the 1990s become unfashionable today. If other factors were held constant, then there would be in the market of jeans
A) a rightward movement along the supply curve. B) a rightward shift of the demand curve. C) a leftward shift in the demand curve. D) a leftward movement along the supply curve.