The Taylor rule (where a and b are positive parameters) is represented by
A) i = i + a(? - ?) - b(un - u).
B) i = i + a(? - ? ) + b(u - un).
C) i = i + a(? - ?) - b(u - un).
D) none of the above
C
Economics
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Which of the following probably slowed NAFTA's effect on the wages of Mexican workers?
a. the Mexican peso crisis in which Mexico's currency fell greatly in value b. the reluctance of the U.S. government to allow guest workers c. the Iraq war d. so much illegal immigration
Economics
A bank has excess reserves of $4,000 and demand deposit liabilities of $100,000 when the required reserve ratio is 20 percent. If the reserve ratio is raised to 25 percent, the bank's excess reserves will be
A) -$5,000. B) -$1,000. C) $1,000. D) $5,000.
Economics