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lower interest ratesQuestion 5
0 / 1 ptsIn 1982 the Fed made a major decision to transition from focusing solely on __________ targets in order to pursue __________ targets as well.interest rate; money supplyCorrect Answermoney supply; interest rateYou Answeredmonetary base; excess reserveexcess reserve; monetary baseThe answer can be found in Chapter 13, Section 13.4, Monetary Policy Under the Fed, 1914–2018.Question 60 / 1 ptsThe Great Recession occurred in __________.You Answered1929–19331937–19391953–1955Correct Answer2007–2009
The answer can be found in Chapter 13, Section 13.4, Monetary Policy Under the Fed, 1914–2018.Question 71 / 1 ptsMonetarists believe that the Fed should emphasize controlling the size of __________.interest ratesCorrect!the money supplythe money demandstructured paymentsQuestion 80 / 1 ptsSherman is an economist who studies how people’s financial expectations are formed and how rapidly they adjust to economic changes. This relatively new field of study is known as __________.econometricsYou Answeredgame theoryexperimental economicsCorrect Answer
behavioral economicsThe answer can be found in Chapter 14, Section 14.4, Expectations, Markets, and the Natural Rate Hypothesis.Question 90 / 1 ptsFiscal policy will have its greatest impact if monetary policy is __________.contractionaryYou AnsweredexpansionaryCorrect AnsweraccommodatingopposingThe answer can be found in Chapter 14, Section 14.2, Government Borrowing, Crowding Out, and Monetary Policy.Question 100 / 1 ptsMonetarists focus their attention on __________.fiscal policyCorrect Answermonetary policy
interest ratesYou Answeredmoney’s velocityThe answer can be found in Chapter 13, Section 13.1, How Monetary Policy Affects Aggregate Demand.