But since--according to Krugman--the Federal Reserve can control output and unemployment, he believes that this tendency is easily offset by cuts in interest rates to hold employment steady.
The Federal Reserve can control output and unemployment according to Krugman.
Krugman does not believe the Federal Reserve has a lot of power.
THe bald man is in blue jeans
An elderly couple stroll on the beach.
Five firemen are on the roof of a house.
A young man is cycling.
The peer group works the other way.
the woman is selling jewlery