One of the difficulties in implementing monetary policy is the time it takes:
A. to pass new monetary policy once the Fed has decided action is needed.
B. monetary policy to have an effect in the economy once enacted.
C. to enact monetary policy once the Fed has decided action is needed.
D. to get approval from the Congress to implement the policy.
B. monetary policy to have an effect in the economy once enacted.
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How have government inefficiencies contributed to the creation of dead capital in the world's developing nations?
What will be an ideal response?
Joe consumes pizza and movies. He is currently spending his entire income and his marginal utility of pizza is 15 and his marginal utility of movies is 10
If the price of a pizza is $10 and the price of a movie is $5, then to maximize his utility Joe should A) increase consumption of pizza and decrease consumption of movies. B) increase consumption of movies and decrease consumption of pizza. C) not change his current bundle of movies and pizza. D) increase consumption of both goods.
Simplifying assumptions always affect the conclusions derived from an economic model
a. True b. False
The price of gasoline has risen and the quantity sold has fallen. This was likely caused by
a. a rise in the price of crude oil. b. a seasonal rise in the demand for gasoline. c. use of a new public transit system. d. the discovery of crude oil in New Jersey.