According to price level targeting, when GDP increases the Federal Reserve should O Reduce the money supply O Reduce the monetary base O Increase the money supply and reduce the monetary base O Increase the money supply O None of the aboveWhich of the following is an example of cyclical unemployment? O A worker loses her job because the minimum wage increases. O A worker quits her job to find a better job. O A worker is unemployed because the cost of finding a job in another city is too high. O A worker loses her job because the economy enters a recession O A worker loses her job as a factory closes due to a natural disasterBetween 2007 and 2011, the monetary base O was approximately constant O increased approximately 10% O increased approximately 20% O increased approximately 30% O approximately tripledThe Laspayres price index (base year weights) will O Overstate inflation O Understate inflation O cannot be calculated for the US neither understates nor overstates inflation O None of the above