7. People and countries are being ruined because of high

a) taxes b) inflation c) uncertainty d) unemployment

8. The experiment was to see if

a) unemployment could be lowered quickly

b) high interest rates could be maintained indefinitely

c) inflation could be held steady at a high rate indefinitely

d) holding money growth at a low rate would lower inflation

9. What does releasing the interest rate imply about the central bank's monetary policy?

a) it has become easier b) it has become tighter

c) it is fighting inflation d) it is following a money growth rule