If Congress passes legislation reducing Federal Reserve independence, financial market participants are likely to assume that
A) the money supply will decline.
B) inflation will increase.
C) recession will quickly follow.
D) the federal deficit will rise.
B
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National income and domestic product must be equal
a. True b. False Indicate whether the statement is true or false
Skill-biased technical change is:
A. economic growth that derives from, and therefore benefits disproportionally, the highly-skilled, highly educated workers in a society. B. the changing makeup of workforces in countries with large amounts of technology. C. the change in technology that has caused many jobs to shift away from the service sector to the technology sector. D. None of these is true.
If this is an open economy, the price of a car will be ________.
A. $8,000/car B. $10,000/car C. $14,000/car D. $6,000/car
Increased international trade increases the demand for a country's exports, ________ the demand for workers in export industries, and ________ their wages.
A. decreases; decreases B. decreases; increases C. increases; decreases D. increases; increases