In recent years, economists holding monetarist views have replaced their call for a monetary rule with a call for
A) artful Fed management of interest rates.
B) inflation targeting.
C) nominal GDP targeting.
D) inflationary and recessionary gap analysis.
Correct Answer:
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Q57: Suppose laid-off workers and other qualified unemployed
Q58: An efficiency wage is
A)a wage payment necessary
Q59: A higher wage could result in a
Q60: An efficiency wage is
A)a below-market wage.
B)an above-market
Q61: Mainstream economists contend that, as stabilization tools,
A)discretionary
Q63: In 2012, the Fed
A)adopted a strict monetary
Q64: Proponents of inflation targeting generally think that
A)the
Q65: The theory of rational expectations concludes that
A)the
Q66: Most mainstream macroeconomists oppose a strict requirement
Q67: Which of the following groups of economists
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