Author Question: After the year 2000 . the FOMC changed some of its operating procedures. In particular, it stopped ... (Read 27 times)

hbsimmons88 · **on:** Jun 30, 2018

After the year 2000 . the FOMC changed some of its operating procedures. In particular, it stopped setting:
a. explicit interest rates for commercial banks to charge.
b. explicit ranges for money growth targets.
c. explicit number of government bonds to be bought and sold.
d. standardized real GDP targets.
e. explicit numbers for the targeted natural rates of unemployment.

Question 2

A surplus will result whenever the:
a. government imposes a price floor below the equilibrium price.
b. government imposes a price ceiling below the equilibrium price.
c. government imposes a price floor above the equilibrium price.
d. government imposes a price ceiling above the equilibrium price.