Which of the below statements is FALSE?
A) An important source of inflation is an economic shock in the supply of a crucial material, such as the oil shocks of the 1970s, which affected almost all countries.
B) It is important to realize that high employment is one of the Fed's goals because, in certain circumstances, the Fed's policy can indirectly influence the level of employment.
C) Given that zero unemployment is not a feasible aim, the appropriate goal of the Fed and other governmental policy makers is actually a high level of employment.
D) Stability in the price level is a secondary goal of the Fed.
Correct Answer:
Verified
Q5: The Fed, like any monetary policy maker,
Q6: It is important to note that, when
Q7: The fed funds rate meets the requirement
Q8: Which of the below statements is FALSE?
A)
Q9: Inflation in advanced economies is _ the
Q11: A requirement of a good operating target
Q12: Which of the below statements is FALSE?
A)
Q13: Which of the below statements is TRUE?
A)
Q14: Although economists have argued many years about
Q15: An easy money policy of expanding the
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