Question

7 multiple choice 1 point what percent inflation rate does the federal reserve try to maintain? -2% 4% 0% 2% 8 multiple choice 1 point how does employment typically change over the business cycle? employment rises during recessions and falls during expansions employment rises during expansions and falls during contractions employment rises during contractions and falls during expansions employment falls during expansions and contractions

Explanation:

For question 7: The U.S. Federal Reserve has an explicit long-run inflation target to support economic stability.
For question 8: Business cycles have expansion (growth) and contraction/recession (slowdown) phases; employment follows economic output trends.

Answer:

1. 2%
2. Employment rises during expansions and falls during contractions