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hanvinh

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tT
发表于 2013-4-10 17:57 | 只看该作者

Economics feedback rule

quantity, likely, action, money, price
According to the feedback rule with productivity shocks, in order to stabilize the price level the most likely action by the Fed and the resulting effect on real GDP, respectively, are:
Fed’s action Effect on real GDP
A. Fed decreases the quantity of money the real GDP declines
B. Fed decreases the quantity of money the real GDP remains constant
C. Fed keeps the quantity of money constant the real GDP declines
D. Fed keeps the quantity of money constant the real GDP remains constant

 

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cross-ied

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2#
发表于 2013-4-10 17:58 | 只看该作者
no
Weird question. Schweser and CFAI text have conflicting answers! #@$%

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suyash1989

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3#
发表于 2013-4-10 17:58 | 只看该作者
Is it A? Whatever the Fed does the real GDP will decline. And feedback rule won’t just leave quantity constant. Bad reasoning that proves I don’t know it. damnit. but that’s what I’d choose.

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zbird2134

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4#
发表于 2013-4-10 17:58 | 只看该作者
After drawing the graphs, I think, its B for price level.
For price level, GDP remains constant at the new level, price declines.
For feedback rule based on GDP growth, GDP remains constant at the new level, but at a higher price.

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OmarAdnan

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5#
发表于 2013-4-10 17:58 | 只看该作者
its B
Real GDP is not the same as agg demand…

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spartanag07

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6#
发表于 2013-4-10 17:59 | 只看该作者
The answer is A
P 476 Vol 2:
Productivity shock shifts supply curve left  prices rise and GDP declines
Feds response  decrease monet suppy decrease agg demand price level falls and real GDP falls further

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Chuckrox

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7#
发表于 2013-4-10 17:59 | 只看该作者
Productivity shock
i.e. POTENTIAL GDP decreases

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