Ben Bernanke and Alan Blinder Were Able to Document That

question 10

Multiple Choice

Ben Bernanke and Alan Blinder were able to document that

• A)peaks in the rate of growth of the money supply actually follow, rather than precede, peaks in the business cycle.
• B)increases in the federal funds rate cause output to fall.
• C)increases in the federal funds rate cause increases in the inflation rate.
• D)output declines almost immediately in response to a contractionary policy by the Fed.

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Definitions:

Teamwork

Work done with an understanding and commitment to group goals on the part of all team members.

Sense Making

The process through which people give meaning to experience.

Disruptive Conditions

Circumstances that significantly alter the normal course of operations, potentially causing upheaval.

Teamwork

The collaborative effort of a group to achieve a common goal or to complete a task in the most effective and efficient way.