The head of the Federal Reserve from 1979 through 1987 was
A) Alan Greenspan.
B) Ben Bernanke.
C) Paul Volcker.
D) Robert Lucas.
E) Milton Friedman.
Correct Answer:
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Q76: Compared to the baseline, the short-run effect
Q77: Disinflation most likely occurs when
A)output grows at
Q78: A reduction in the inflation rate is
Q79: If the Fed is worried about inflation
Q80: A temporary growth slowdown results in a
A)disinflation.
B)deflation.
C)boom.
D)fall
Q82: Monetary policy that attempts to increase the
Q83: A reduction in the target rate of
Q84: If the Fed raises interest rates because
Q85: Reinflation causes
A)a temporary boom.
B)a price shock.
C)an increase
Q86: Disinflation refers to a situation in which
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