Which of the following is NOT considered to be a goal of monetary policy?
A) fair wages
B) high employment
C) economic growth
D) price stability
A
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The CPI in year one equaled 1.45. The CPI in year two equaled 1.51. The rate of inflation between years one and two was ________ percent.
A. 6.0 B. 4.0 C. 4.1 D. 4.5
In the figure above
A) moving from point a to point b would require new technology. B) production at point b is efficient whereas production at point a is not efficient. C) some resources must be unemployed at point c. D) opportunity costs are decreasing.
The famous "Kennedy Tax Cut" of 1964 was
(a) meant to stimulate private spending. (b) meant to reduce private investment. (c) meant to restrain consumption. (d) designed to increase the federal deficit.
Tax avoidance reduces the federal government's revenue flow
a. True b. False