Paul Volcker was appointed to head the Federal Reserve System by ________
A) Richard Nixon in 1969
B) Jimmy Carter in 1979
C) Ronald Reagan in 1992
D) Barack Obama in 2009
B
You might also like to view...
Suppose there are no firms, only the government and households. What would the total demand for funds curve look like in such a world?
a. Downward sloping b. Perfectly horizontal c. Upward sloping d. There would be no such curve e. Perfectly vertical
What important lesson did American economists learn in the 1980s and again in 2001-2003?
a. Large tax cuts can lead to a balance of trade surplus. b. Large government budget deficits can crowd out consumption. c. Large government budget deficits can bankrupt the nation. d. Large government budget deficits can crowd out net exports.
If 9 units of labor will be supplied if the wage rate is $12 and 10 units of labor will be supplied if the wage rate is $14, then the marginal factor cost for the tenth unit of labor is
A. $12. B. between $12 and $14. C. more than $14. D. less than $12.
Suppose the stock market rises, causing a rapid increase in consumers’ wealth. This would lead to
A. a downward movement along the consumption function. B. a downward shift of the consumption function. C. an upward movement along the consumption function. D. an upward shift of the consumption function.