Author Question: Recall the Application. When applying the Taylor Rule to the decade of 2000, economist John Taylor ... (Read 138 times)

Lisaclaire · **on:** Jun 30, 2018

Recall the Application. When applying the Taylor Rule to the decade of 2000, economist John Taylor found that past experience showed that from 2001 to 2004, the Fed should have ________ interest rates instead of ________ interest rates.

A) raised; not changing B) not changed; lowering
C) lowered; raising D) raised; lowering

Question 2

The labor force is the

A) total population divided by the number of employed people.
B) number of employed people plus the number of unemployed people.
C) working-age population minus the number of unemployed people.
D) number of employed people minus the number of unemployed people.
E) number of employed people in the working-age population.