Central bank credibility may be established by ________
A) the appointment of individuals to the Fed with a strong aversion to inflation
B) quicker responses to negative aggregate supply shocks
C) greater coordination between monetary and fiscal policy
D) the appointment of central bankers who are hawkish on defense
A
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Saving is $15 billion at the $125 billion equilibrium level of output in a closed, private economy. Actual investment must be:
A. Less than saving B. Greater than saving C. Equal to $15 billion D. Equal to $125 billion
The demand curve faced by a pure monopolist:
A. may be either more or less elastic than that faced by a single purely competitive firm.
B. is less elastic than that faced by a single purely competitive firm.
C. has the same elasticity as that faced by a single purely competitive firm.
D. is more elastic than that faced by a single purely competitive firm.