Q1. The U.S. Federal Reserve bank defines price level stability as an inflation rate: A) between 0 and 3%. B) above 3%. C) equal to 0%.
Q2. The sustainable growth rate of real GDP is most likely to be increased by: A) the discovery of untapped oil fields. B) an increase in government spending. C) an increase in the propensity to consume by households.
Q3. Which of the following is least likely to be a goal of current U.S. monetary policy? A) Stable currency. B) Maximum employment. C) Moderate long-term interest rates.
|