A nominal variable, such as the inflation rate or the money supply, which ties down the price level to achieve price stability is called ________ anchor.

The speculative motive for holding money is closely tied to what function of money?

Everything else held constant, an increase in autonomous consumer spending will cause the IS curve to shift to the ________ and aggregate demand will ________.

An autonomous easing of monetary policy

Which of the following is NOT a requirement in selecting a policy instrument?

If the money supply is $500 and nominal income is $4,000, the velocity of money is

The mandate for the monetary policy goals that has been given to the Federal Reserve System is an example of a ________ mandate.

Suppose interest rates are kept very low for a long time such that there is a spike in the amount of lending. Everything else held constant, this could cause ________ bubble.

The primary goal of the European Central Bank is

________ flexible wages and prices imply that the short-run aggregate supply curve is ________.