With respect to controlling the money supply, the law requires the Fed to take orders from:
A. the President.
B. the Speaker of the House.
C. the Secretary of the Treasury.
D. no one?the Fed is an independent agency.
Answer: D
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A. 1% B. 3% C. 10% D. 20%
The benefit estimation method that uses surveys about hypothetical market conditions is
a. the averting expenditure method c. the travel cost approach b. the contingent valuation method d. the political referendum approach
A weaker peso, relative to the US dollar, causes the demand for US exports to ______ and the demand of Mexican imports to______
a. Increase; Decrease b. Decrease; Increase c. Increase; Increase d. Decrease; Decrease
In a closed economy, what remains after paying for consumption and government purchases is
a. national disposable income. b. national saving. c. public saving. d. private saving.