The two main characteristics of the production function are
A) it slopes downward from left to right, and the slope becomes flatter as the input increases.
B) it slopes upward from left to right, and the slope becomes steeper as the input increases.
C) it slopes upward from left to right, and the slope becomes flatter as the input increases.
D) it slopes downward from left to right, and the slope becomes steeper as the input increases.
C
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You decide to open a savings account, and you notice a sign in your bank that indicates deposits are FDIC insured. What protection does that give you?
(A) If the bank fails, your deposits are protected up to $250,000. (B) If you accidentally injure someone, they cannot claim any of the first $250,000 of your bank deposits as compensation. (C) Your deposits are guaranteed a certain rate of interest if you have at least $250,000 in the bank. (D) If you accidentally withdraw more money that you have in your account, you will not have to pay a penalty.
How might using the Taylor rule improve the Fed's monetary policy?
What will be an ideal response?