In which country is the central bank more independent than the Federal Reserve?
A) Germany
B) Japan
C) Great Britain
D) All of the above.
A
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Are the concepts of equity and efficiency different? Why or why not?
What will be an ideal response?
In general economic environments that correspond to lower levels of planned aggregate expenditure for a given level of Y have PAE curves that are:
A. higher on the expenditure diagram. B. lower on the expenditure diagram. C. at multiple points on the diagram. D. equivalent at point in the diagram.
A politician running for political office does not speak in general terms, does not try to move to the middle of the political spectrum, and does not take polls, therefore it follows that
A) the median voter model is wrong. B) rational ignorance does not exist. C) the free-rider problem does not exist. D) voter turnout is likely to rise. E) none of the above
The basic money supply or M1 includes
A. Currency in circulation, transactions accounts, traveler's checks, and money market mutual funds. B. Currency in circulation, savings accounts, and credit card balances. C. Currency in circulation, transactions accounts, and traveler's checks. D. Currency in circulation, transactions accounts, and savings accounts.