Part of the controversy about Fed independence include(s)
A. the goal to bring all macroeconomic policy under the direct control of the president.
B. the appropriate role of the Fed in policy making.
C. how to make the Fed more powerful than other central banks.
D. All of the above are correct.
Answer: B
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Most economists believe that property taxes
A. should be eliminated. B. are progressive. C. should become an important source of revenue for the federal government. D. are regressive.
Which of the following is not a reason for studying credit market frictions?
A) explaining features of financial crises. B) explaining key elements of financial market behavior. C) understanding why Ricardian equivalence may not work. D) explaining why collateral does not matter.
Which of these is a coincident economic indicator?
a. The demand for plant and machinery b. Personal income c. Real estate growth d. The interest rate e. The unemployment rate
In a market economy:
a. income is distributed based on the productivity of resources b. the resources owned by different households are not all the same productivity c. both of the above d. neither of the above