Price level stability
A: has no relationship to growth in potential GDP.
B: is thought by most economists to be reached with a measured inflation rate of between 0 and 2 percent a year.
C: is the most important tool of the Federal Reserve.
D: was attained by the Fed for the period between 1979 and 2001.
A: has no relationship to growth in potential GDP.
B: is thought by most economists to be reached with a measured inflation rate of between 0 and 2 percent a year.
C: is the most important tool of the Federal Reserve.
D: was attained by the Fed for the period between 1979 and 2001.
举一反三
- If this year's price level exceeds last year's, A: the inflation rate between these years has been positive. B: the inflation rate is accelerating. C: deflation is occurring. D: no relative price changes are occurring.
- The output gap is the A: percentage deviation of real GDP from potential GDP. B: difference between actual inflation and core inflation. C: difference in graduation levels between high school and college. D: percentage increase in the economic growth rate of real GDP.
- According to the content of this passage ______. A: the relationship between teachers and schools will be changed most B: the connection between students and schools will be changed most C: the relationship between parents and schools will be changed most D: the association between websites and schools will be changed most
- The Fed operationalizes its goals by focusing on: A: core inflation and the output gap. B: expected inflation and U.S. dollar exchange rates. C: food and energy prices and the growth rate of real GDP.
- The price level in the economy is higher than it should be, given the potential growth rate – we get an ‘______ ’.