The International Monetary Fund advised Russia to control inflation via an exchange rate anchor
a. True
b. False
A
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Giving the Fed a high degree of independence means all but:
A. the Fed governors will not be as tempted by political pressure. B. it is less likely to expand the money supply simply to make it cheaper for the government to repay its debt. C. technocrats-rather than politicians-are in charge, which tends to increase people's trust in the stability of the dollar. D. The federal government will not have to borrow to finance its budget deficit.
The excess capacity theorem states that society would clearly benefit from a reduction in the number of monopolistic competitors
a. True b. False Indicate whether the statement is true or false
The government has a budget deficit if
A) its total revenues are equal to its total expenditures. B) its total revenues are less than its total expenditures. C) its total revenues are greater than its total expenditures. D) the money supply is less than total expenditures.
If public goods were marketed like private goods, then
A. Public goods would be overproduced. B. The economy would be outside the production possibilities curve. C. The optimal mix of output would occur at the market equilibrium. D. There would be market failure.