traditionally, fed policymakers have been to use higher interest rates to head off potential asset bubbles
a. hesitant; because it would most likely result in rapid increases in inflation
b. eager; even though it may cause a slowdown in the economy
c. eager; because it would most likely result in sustained deflation
d. hesitant; because it may cause a slowdown in the economy

Assume that the following conditions exist: a. all banks are fully loaned up- there are no excess reserves, and desired excess reserves are always zero. b. the money multiplier is 5 .     c. the planned investment schedule is such that at a 4 percent rate of interest, investment =$1450 billion. at 5 percent, investment is $1420 billion. d. the investment multiplier is 3 . e.. the initial equilibrium level of real gdp is $12 trillion. f. the equilibrium rate of interest is 4 percent now the fed engages in contractionary monetary policy. it sells $1 billion worth of bonds, which reduces the money supply, which in turn raises the market rate of interest by 1 percentage point. calculate the decrease in money supply after fed's sale of bonds: $nothing billion.

In most states, a licensee must provide a(n) of any existing agency relationships to all parties

True or false: a fitted model with more predictors will necessarily have a lower training set error than a model with fewer predictors.