Who sets the inflation target for the Bank of England?
A) Prime Minister
B) Chancellor of the Exchequor
C) head of the monetary policy committee
D) majority vote of the monetary policy committee
B
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Explain the intuition behind why the aggregate demand curve is downward sloping. Why does an increase in the money supply shift the aggregate demand curve to the right?
What will be an ideal response?
Which of the following characteristics is NOT likely to increase the interest on a loan?
A) a high-risk proposal B) a non-creditworthy borrower C) a short-term loan D) a larger dollar loan
If government is going to provide an environment for economic prosperity
A) the percentage of citizens voting in major elections must increase. B) it must run budget deficits. C) the self-interest of voters, politicians, and bureaucrats must be brought into harmony with efficient use of resources. D) it must run budget surpluses.
The relationship between the value and the price of a stock suggests that
A. the equilibrium price of a stock strikes a balance between those who think the stock is worth more and those who think the stock it's worth less at the current price. B. it is the stock market's best guess regarding the expected value of the company's future profits. C. stocks are overvalued. D. both A and B are true.