All of the following have enhanced the Fed's credibility in conducting monetary policy except
A) discontinuing the policy of announcing whether it considered the economy to be at greater risk of inflation or recession following each FOMC meeting.
B) making the minutes of the open market committee meetings public.
C) following through with changes it has announced.
D) revealing the Fed's target for the federal funds rate.
A
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All of the following are advantages of risk pooling in the health insurance market except
A) it is easier for an insurance company to estimate the average number of claims likely to be filed under a group policy than it is to predict the number of claims likely to be filed under an individual policy. B) by insuring large groups as opposed to individuals, health insurance companies reduce adverse selection. C) individuals who are insured and therefore do not have to pay the full cost of health care services may be inclined to overuse those services. D) it gives very sick people in the pool the same access to health care and pay the same premiums as healthy individuals.
Refer to Table 4-1. The table above lists the highest prices three consumers, Curly, Moe, and Larry, are willing to pay for a bottle of champagne. If the price of one of the bottles is $27 dollars, total consumer surplus will be
A) $0. B) $14. C) $26. D) $53.
Imports and Exports
- Did imports and exports grow faster or slower than U.S. GDP since 1970?
- Why did U.S. imports rise in 2006?
- What happened to the trade deficit in 2006? Why?
- How might the widespread use of the internet affect international trade?
The phrase "a stronger U.S. dollar" means that the dollar
a. is in equilibrium on the foreign exchange market b. does not fluctuate greatly c. has been depreciating d. has been appreciating e. buys more than one unit of a foreign currency