I have a homework 10 short answers.

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Economics

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HiI have a homework 10 short answers. I need it tomorrow evening asap because will be exam mondy morning. I have attached the questionThanks,

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Econ 307: Fall 2016 Test 4 V Number: Name: Put away your textbook and all notes, calculators, and cell phones before starting this test. Short answer questions. (Each question worth 7 points). 1. When discussing central bank goals and objectives, what is the difference between a hierarchical mandate and a dual mandate? 2. Explain the "just do it" or implicit nominal anchor approach to Federal Reserve monetary policy. 3. What are the primary disadvantages of a gold standard? 4. What is the difference between the quantity theory of money demand and Keynes's theory of money demand? 5. Explain the time-inconsistency problem in the conduct of monetary policy. 6. Draw a graph to demonstrate the effect of an increase in the expected inflation rate on the equilibrium foreign exchange rate of a nation, everything else held constant. 7. What did the classical economists assume about the velocity of money? How did this assumption affect their thinking about the demand for money? 8. What is the difference between a sterilized and an unsterilized foreign exchange intervention? 9. Identify two organizations established by the Bretton Woods Agreement and briefly explain what these organizations do 10. What are the weaknesses in the theory of purchasing power parity? Multiple choice questions: (Each question worth 2 points). 1. The monetary policy strategy that suffers a lack of transparency is a) exchange-rate targeting. b) monetary targeting. c) inflation targeting. d) the implicit nominal anchor. 2. Since the early 1990s, the Fed has conducted monetary policy by setting a target for the a) level of borrowed reserves. b) monetary base. c) federal funds rate. d) inflation rate. 4
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Explanation & Answer

attached is just the update of what I have done

Question 1:
The difference between a hierarchical mandate and a dual mandate is that dual mandates are a national
bank command that highlights two parallel targets of value soundness and most extreme business, while
hierarchical mandates are a national bank command in which the objective of value strength starts
things out, and after that different objectives can be sought after.
Question 2:
The “just do it” or implicit nominal anchor approach to Federal Reserve monetary policy can be
explained as the Federal Reserve doesn't utilize an unequivocal ostensible stay, for example, a money
related total or the swelling rate. Its system rotates around utilizing a certain ostensible stay as an
abrogating worry to control swelling over the long haul. This includes forward-looking conduct and "preemptive strikes" by approach activities to avoid expansion. This forward-looking conduct is vital as a
result of the lo...


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