Terms
45 new/unreviewed 45 total
Term
What does the MP curve represent?
Definition
The relationship between inflation and the real interest rate set by monetary policy....
New/Unreviewed
Term
Why does the MP curve slope upward?
Definition
Because central banks raise real interest rates when inflation increases....
New/Unreviewed
Term
What is the Taylor principle?
Definition
The idea that central banks raise nominal rates more than one-for-one with inflation....
New/Unreviewed
Practice Tests
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