An important problem facing the Fed is that
A) the goals for economic growth and price stability may conflict in the short run.
B) it lost effective control over the monetary base.
C) it has been given responsibility for meeting policy goals, but true control over monetary policy remains with Congress.
D) it has been given responsibility for meeting policy goals, but true control over monetary policy remains with the President.
A
You might also like to view...
Describe the crisis in Russia starting from 1989. Explain why?
What will be an ideal response?
Jerome says that he will spend exactly $25 each month on new apps for his mobile device, regardless of the price of apps. Jerome's demand for apps is
a. perfectly elastic. b. unit elastic. c. perfectly inelastic. d. somewhat inelastic, but not perfectly inelastic.
Which of the following represents the firm's short-run condition for shutting down?
a. shut down if TR < TC b. shut down if TR < FC c. shut down if P < ATC d. shut down if TR < VC
Which of the following is NOT an effect of intra-industry trade if the concerned industry is monopolistically competitive?
A. Total output of the domestic industry increases as a result of such trade. B. There are few shifts in production among industries that put pressures on factor prices. C. There are considerable national gains that arise from trade because there is an increase in the number of varieties of products available in the country. D. Domestic consumers gain because such trade results in lower prices of domestic varieties of the good.