Which of the following is NOT a result of monetary policy?
A. aggregate demand is affected, leading to a change in nominal GDP
B. the level of potential GDP will change
C. spending on investment and durable consumption goods is affected
D. the rates of unemployment and inflation are affected in the short run
E. real interest rates will remain unaffected in the long run
查看答案
Monetary policy is best conducted by
A. focusing on a sustainable goal rather than maintaining full employment at all times
B. decisive major policy changes rather than modest steps
C. changing policies frequently to keep financial markets guessing what will happen next
D. keeping the interest rate at the lowest sustainable level no matter what
E. none of the above
When a central bank engages in inflation targeting
A. unemployment isn’t affected since nominal interest rates are kept very low
B. interest rates are raised substantially as soon as the output gap increases
C. interest rate stability is an explicit policy goal
D. little weight is give to transparency
E. little or no weight is given to the output gap
When a central bank engages in inflation targeting, then
A. interest rate stability will automatically result
B. interest rates need to be raised as soon as the output gap starts to shrink
C. the Taylor rule can still be used as a guide as long as the output coefficient is set to zero
D. the Taylor rule can still be used as a guide as long as the output coefficient has a lot of weight
E. none of the above
If a central bank follows an activist monetary policy rule,
A. full employment can always be maintained with little or no inflation
B. financial markets always need advance notice of any policy change so the central bank does not lose its credibility
C. the focus is generally on expected future economic conditions while current economic conditions are ignored
D. the focus is generally on the long-run inflation rate with little concern about unemployment
E. none of the above
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