The correct answer is The U.S. currency has a predictable value.
Explanation: The reason why the United States has a fiduciary monetary system is because they has a predictable value in the future.
Answer:
correct option is D raise the fed funds rate by 0.5% if inflation rises 1% above its target of 2%
Explanation:
solution
Taylor Rule is invented in 1992 and it is interest rate forecasting model
As the product of John Taylor Rule is the 3 number
- interest rate
- inflation rate
- GDP rate
and Taylor rule is that when GDP is equal to potential GDP and inflation rate is at its target rate of 2%
and the federal funds target rate should be 4%
so we can say here correct option is D raise the fed funds rate by 0.5% if inflation rises 1% above its target of 2%
In August 1786, Revolutionary War veteran Daniel Shays led an armed rebellion in ... policies and political corruption of the Massachusetts state legislature. ... Popular uprisings like Shays's rebellion raised the urgent question of whether .
