Examlex
_______ are characterized by the use of a laser to read data stored on a physical device.
Monetarists
Economists who believe that variations in the money supply have major influences on national output in the short run and the price level over longer periods, and that the objectives of monetary policy are best met by targeting the growth rate of the money supply.
Monetary Rule
A guideline for the monetary policy stating that the central bank should aim at regulating the money supply to maintain stable prices, output, and employment.
Rational Expectations
An economic theory proposing that individuals make decisions based on their best forecast using all available information, predicting future events with some degree of accuracy.
Federal Reserve
The central bank of the United States, responsible for monetary policy.
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