New classical economists believe that wages are inflexible
a. True
b. False
Indicate whether the statement is true or false
False
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Members of Congress are able to influence monetary policy, albeit indirectly, through their ability to
A) withhold appropriations from the Board of Governors. B) withhold appropriations from the Federal Open Market Committee. C) propose legislation that would force the Fed to submit budget requests to Congress, as must other government agencies. D) instruct the General Accounting Office to audit the foreign exchange market functions of the Federal Reserve.
What is the modern view of the Phillips curve?
What will be an ideal response?
The Fed can raise the discount rate when it wants to:
a. decrease the money supply. b. increase the money supply. c. decrease the budget deficit. d. increase the budget deficit.
If the exchange rate is 80 yen per dollar, then a hotel room in Tokyo that costs 25,000 yen costs $200
a. True b. False Indicate whether the statement is true or false