Vertical equity is the concept that people with different levels of income should be treated differently
a. True
b. False
Indicate whether the statement is true or false
True
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The world price of a good refers to the quantity of one good exchanged for a unit of another good.
Answer the following statement(s) true (T) or false (F)
Large differences in interest rates between countries would indicate that
A) the global market is thriving. B) there is good communication between countries about potential global investment opportunities. C) there are unrealized gains from trade. D) the market is in danger of collapse. E) the supply growth exceeds the aggregate demand.
A monetary policy strategy that uses a fixed exchange rate regime that ties the value of a currency to the currency of a large, low inflation country is called ________ targeting
A) exchange-rate B) currency C) monetary D) inflation
As it is usually practiced, inflation targeting sets
a. a specific inflation rate for the central bank to target and prohibits it from deviating from the target even when some shock pushes inflation away from that number. b. a specific inflation rate for the central bank to target but allows it to deviate from the target when some shock pushes inflation away from that number. c. sets some range of inflation rates for the central bank to target and prohibits it from deviating from that range even when some shock pushes inflation outside the range. d. sets some range of inflation rates for the central bank to target but allows it to deviate from that range when some shock pushes inflation outside the range.