Author Question: In the 1965 to 1973 period, U.S. policymakers ________. A) targeted an unemployment rate that, in ... (Read 65 times)

Themember4 · **on:** Jun 30, 2018

In the 1965 to 1973 period, U.S. policymakers ________.

A) targeted an unemployment rate that, in hindsight, was likely too low
B) pursued an easing of monetary policy designed to increase aggregate demand
C) made some mistakes that led to the most sustained inflationary episode in U.S. history
D) all of the above
E) none of the above

Question 2

We can use a per-worker production function in the Malthusian model because

A) there is a representative worker.
B) firms are competitive.
C) there is a steady state.
D) the production function has constant returns to scale.