Some people see the government as being more heavily involved in taking sides than in serving the common interest.
Answer the following statement true (T) or false (F)
True
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The main argument against Fed independence is that
A) in a democracy elected officials should make public policy. B) monetary and fiscal policy would be easier to coordinate if the Fed were not independent. C) the Fed has proven irresponsible on many occasions. D) congressional control was tried during the 1960s and it worked well.
A perfect-price-discriminating monopoly's marginal revenue curve
A) lies below the demand curve. B) is the demand curve. C) varies for each consumer. D) is the same as the monopolist's marginal revenue curve.
If the market for labor is perfectly competitive, the profit maximizing level of labor occurs where
A) MRPL < W (the wage). B) MRPL = P (the output price). C) MRPL just exceeds W. D) MRPL = W. E) none of the above
If it takes more dollars to acquire one unit of a foreign currency,
A) the quantity of U.S. good that the foreign country will by will decrease B) the foreign currency has depreciated. C) the dollar has depreciated. D) the dollar has appreciated.