Critics of the unconventional monetary policies in 2009 and 2010 argued that by deciding which financial institutions would fail and which would not, the Fed was assuming authority that rightfully belonged to
A. the FDIC.
B. the U.S. Treasury.
C. the President.
D. Congress.
Answer: D
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If economic data reveals that inflation is rising, the Fed:
A. does not need to know the state of real GDP growth in order to justify increasing the growth rate of the money supply. B. may increase the growth rate of the money supply without really knowing the state of real GDP growth. C. may reduce the growth rate of the money supply without really knowing the state of real GDP growth. D. will also at that time know the state of real GDP growth and can respond accordingly.
Higher wages mean higher production costs and lower profits at any given selling price.
Answer the following statement true (T) or false (F)
A single-payer system, in which the government pays for all medical expenses for everyone, would eliminate all of the following problems EXCEPT the
A. uncertainty problem. B. third-party payer problem. C. adverse selection problem. D. poverty problem.
Because employment actually continued to fall at the beginning of the recoveries that began in 1991, 2001, and 2009, these recoveries have come to be known as
A. non-recoveries. B. jobless recoveries. C. pseudo recoveries. D. double-dip recoveries.