Macroeconomics

Which of the following is true about unemployment? a. the benchmark h

Which of the following is true about unemployment? a. the benchmark high-employment level is most likely between 3 and 4 percent b. In recent years, the appropriate benchmark high-employment level has risen. c. Based on the experience of the 1960s, a 7 percent unemployment rate was too low to be sustained without a buildup of […]

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Date: September 10th, 2020

Sovereign debt crises are triggered ________. A) by innovations in su

Sovereign debt crises are triggered ________. A) by innovations in subprime real estate markets B) when a country’s debt-to-GDP ratio becomes excessively high C) when austerity measures cause a sharp fall in the supply of government bonds D) by the adoption of a common currency, such as the euro   ANSWER B

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Date: September 10th, 2020

Monetary policy decisions, such as the target growth rate in the money

Monetary policy decisions, such as the target growth rate in the money supply or the target level for interest rates, are set by the a. president and congress. b. Federal Reserve Board of Governors. c. Shadow Open Market Committee. d. presidents of the Federal Reserve banks. e. Federal Open Market Committee (FOMC).   ANSWER E

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Date: September 10th, 2020