Who is considered to be the most powerful person in the economic world by many observers?
a. Federal Reserve Chair
b. EU Central Bank President
c. Director-General of the WTO
d. World Bank President
a
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Adam Smith noted that people are adept at pursuing their own self-interests, and that ____ harnesses this self-interest remarkably well.
A. a totalitarian regime B. a market system C. a democratic government D. a closed system
An increase in aggregate demand will shift the short-run Phillips curve to the right.
Answer the following statement true (T) or false (F)
Which combination of monetary and fiscal policies might policymakers elect to ward off a potential recession?
A) Fed sale of bonds combined with tax rate increases B) Fed sale of bonds combined with tax rate decreases C) Fed purchase of bonds combined with tax rate increases D) Fed purchase of bonds combined with tax rate decreases
Which of the following will not increase the opportunity for internal financing of capital?
A. Improved banking facilities. B. Transparent capital markets. C. Saving incentives. D. Seizing of private banks by the government.