An important hindrance to developing countries in carrying out monetary policy is that they
a. usually lack central banks
b. are usually unable to issue their own currency
c. are unable to borrow money
d. usually lack effective bond markets
e. all of the above
D
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Indicate whether the statement is true or false
Price and output decisions are two aspects of the same choice.
Answer the following statement true (T) or false (F)
Explain how a monopolist can increase profits by price discriminating. What are the conditions necessary for price discrimination?
What will be an ideal response?
Which of following policies of the Congress was aimed to place the Fed above politics and maintain continuity in the policymaking process?
a. The President elects the entire Board of Governors. b. The Federal Reserve district banks elects the Board of Governors. c. The Congress elects a board member every five years. d. One board member's term expires every second year. e. Only bankers are allowed to be appointed as board members.