Which of the following statements is correct?
a) The Federal Reserve's actions are subject to executive branch control.
b) Politically controlled banks are better at fighting inflation than independent central banks.
c) The Federal Reserve is considered to be an independent central bank.
d) The Federal Reserve System is not subject to Congressional oversight.
Ans: c) The Federal Reserve is considered to be an independent central bank.
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It is difficult to make the concept of need useful because it is difficult to define and compare "needs" among people
a. True b. False Indicate whether the statement is true or false
If a Pizza Hut restaurant near campus reduces its pizza prices by 15 percent, and as a result, its total revenue from pizza sales increases, this indicates that the price elasticity of demand was
a. elastic. b. of unitary elasticity. c. inelastic. d. equal to 0.15.
The homoskedasticity assumption in time series regression suggests that the variance of the error term cannot be a function of time.
Answer the following statement true (T) or false (F)
How did the Fed use the Federal funds rate to respond to the mortgage default crisis?
What will be an ideal response?