Given the following formula for the Taylor rule:Target federal funds rate = natural rate of interest + current inflation + 1/2(inflation gap) + 1/2(output gap)Every one percent decrease in the rate of inflation will:

For liberals, the United States has a(n)

a. public sector that is too large. b. private sector that is too small. c. economy that is too heavily regulated. d. public sector that is too small.

The above table shows the daily production possibilities for a nation. According to the above table, the opportunity cost of each additional car in terms of televisions

A. is meaningless because the cost of cars cannot be expressed in terms of televisions. B. remains constant. C. falls as more cars are produced. D. increases as more cars are produced.