Recall the Application. When applying the Taylor Rule to the ...

[Lisaclaire]

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.

[lgoldst9]

Answer to Question 1

D

Answer to Question 2

B

[Lisaclaire]

Excellent

[mohan]

TYSM