Who determines U.S. monetary policy?
A. Congress
B. The Internal Revenue Service
C. The Federal Reserve
D. The president
Answer: C
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Privatizing a commons gives the person who owns it an incentive to
A) exploit the resource until it is depleted. B) restrict it from being used at all. C) manage it carefully. D) make it available to everyone without restriction.
Assuming a fully loaned-up banking system and a deposit expansion multiplier of 2, a $10 million government expenditure financed by sales of securities to the banking system will cause the money supply to
A) remain unchanged. B) rise by $5 million. C) rise by $10 million. D) rise by $20 million.
Which of the following is a drawback of command-and-control regulation?
a. Applying the same standard to all firms b. Being enforced by industry executives c. Providing too much flexibility d. Relying too heavily on market tools
Other things the same, corporate bonds generally feature higher interest rates than U.S. government bonds
a. True b. False Indicate whether the statement is true or false