Figure 18-3
In which panel of Figure 18-3 would an excise tax be borne entirely by the supplier?
A. 1
B. 2
C. 3
D. 4
Answer: C
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If someone buries money in a tin can beneath a tree, the money is functioning as a
A) medium of exchange. B) unit of account. C) means of payment. D) store of value. E) bartering tool.
If the required reserve ratio is 100 percent, could the Federal Reserve still change the money supply with open market operations? Explain whether they could or could not
What will be an ideal response?
Inflation targeting involves public disclosure of each of the following, except ________
A) policy makers' plans and objectives B) explanation of discrepancies between target inflation and actual inflation C) the federal government debt ceiling D) projections of macroeconomic conditions
One way to overcome the problem of time inconsistency is to
a. legislate policy rules. b. grant policymakers independence.. c. appoint policy makers with credibility. d. both a and c. e. all of the above.