The goals of monetary policy tend to be interrelated. For example, when the Fed pursues the goal of ________, it also can achieve the goal of ________ simultaneously
A) high employment; economic growth
B) high employment; lowering government spending
C) economic growth; a low current account deficit
D) stability of financial markets; a low current account deficit
Answer: A
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The amount of income that households keep after paying taxes is
A) personal income. B) personal disposable income. C) value added income. D) national income.
Laborers of which sector work in the tertiary or service sector?
(a) Teachers, doctors, lawyers, nanotechnologists, musicians and athletes (b) Farmers, fisher people and foresters (c) Manufacturers and processors of raw materials (d) All of the above
Price elasticity of demand is typically negative because
a. as price decreases, quantity demanded decreases b. as price decreases, quantity demanded increases c. as price decreases, demand decreases d. as price decreases, demand increases e. consumers rarely respond to a change in price
Which of the following is not a function of the Federal Reserve System?
a. To control the money supply. b. To print new money. c. To supervise and regulate banks. d. To aid in the check clearing process. e. To maintain and circulate currency.