题目内容

Assume the central bank announced a 2% inflation target and has set the nominal interest rate at 5.0%. If actual inflation is 2.8%, by how much is output off the full-employment level?

A. -0.012
B. -0.008
C. -0.004
D. 0.004
E. 0.012

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According to the Taylor rule, if the central bank announced a zero percent inflation target but the current inflation rate is 2% and output is 2% below the full-employment level, at what level should the central bank set the nominal interest rate?

A. 0.01
B. 0.02
C. 0.03
D. 0.04
E. 0.05

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According to the Taylor rule, if the central bank announced a zero percent inflation target but the current inflation rate is 2% and output is at the full-employment level, at what level should the central bank set the nominal interest rate?

A. 0.01
B. 0.02
C. 0.03
D. 0.04
E. 0.05

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Short-run monetary policy changes should

A. ignore any fiscal policy changes that the administration has implemented
B. allow for modest adjustments once feedback from previous changes is available
C. never be implemented if uncertainty exists about the exact effects on key variables
D. requires the central bank to stick to its announced policy target no matter what
E. none of the above

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A consumption function of the form C = Co + cYD has a positive vertical intercept Co, which indicates that

A. some consumption is unaffected by changes in disposable income
B. the mpc will increase as disposable income increases
C. the apc will always increase as disposable income increases
D. the apc will always be less than the mpc
E. all of the above

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Assume the central bank announced a 2% inflation target and has set the nominal interest rate at 5.0%. If actual inflation is 2.8%, by how much is output off the full-employment level?

A. -0.012 B. -0.008 C. -0.004 D. 0.004 E. 0.012

According to the Taylor rule, if the central bank announced a zero percent inflation target but the current inflation rate is 2% and output is 2% below the full-employment level, at what level should the central bank set the nominal interest rate?

According to the Taylor rule, if the central bank announced a zero percent inflation target but the current inflation rate is 2% and output is at the full-employment level, at what level should the central bank set the nominal interest rate?

Short-run monetary policy changes should

A consumption function of the form C = Co + cYD has a positive vertical intercept Co, which indicates that

A. -0.012
B. -0.008
C. -0.004
D. 0.004
E. 0.012