Maximum employment and moderate long-term interest rates are best achieved with
A) price stability.
B) high and variable inflation rates.
C) high real interest rates.
D) high and stable inflation rates.
E) high short-term interest rates.
A
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Most people living in Country Y have no more than a ninth-grade education. In contrast, about half of the adult population of Country Z has a college degree. Based on this information, which statement about these two countries is most likely true?
a. Country Z does not have many natural resources available. b. Country Y has a higher rate of economic growth than Country Z. c. There are more people living in Country Y than in Country Z. d. The per capita output of Country Z is higher than that of Country Y.
Assuming the inner curve is the United States' current production possibilities frontier, the United States' economy usually operates at _____.
A. Point P
B. Point O
C. Point N
D. Point L