Author Question: The three approaches to measuring GDP are called the A) accounting approach, the income approach, ... (Read 69 times)

tiffannnnyyyyyy · **on:** Jun 30, 2018

The three approaches to measuring GDP are called the

A) accounting approach, the income approach, and the expenditure approach.
B) product approach, the cost approach, and the expenditure approach.
C) product approach, the income approach, and the expenditure approach.
D) accounting approach, the statistical approach, and the income approach.

Question 2

According to the Taylor rule ________.

A) expectations are formed in an adaptive fashion
B) the central bank should set its federal funds rate target by a formula that puts weight on both output and inflation gaps
C) a constant growth rate rule for money should be adopted
D) expectations should be formed consistent with the model of rational expectations