LINK 9: MONETARY POLICY

Question 1

generally boils down to adjusting the supply of money in the economy to achieve some combination of inflation and output stabilization.

Answer 1

monetary policy

Question 2

measures the monetary value of final goods and services

Answer 2

gdp

Question 3

the rate of increase in prices over a given period of time.

Answer 3

inflation

Question 4

must balance price and output objectives

Answer 4

monetary policymaker