The current chair of the Board of Governors of the Federal Reserve is
A. Ben Bernanke.
B. Alan Greenspan.
C. Jerome Powell.
D. Janet Yellen.
Answer: C
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Having the single goal of price stability would make the Fed more subject to political pressure
Indicate whether the statement is true or false
Which of the following exchange rate policies uses a target exchange rate, but allows the target to change?
A) crawling peg B) flexible exchange rate C) fixed exchange rate D) moving target
The average tariff rate imposed by the United States on imported goods
A) has generally increased over the past 60 years. B) has generally decreased over the past 60 years. C) peaked in 1990. D) peaked in 1980.
Vertical-equity is most closely associated with which of the following goals or principles?
A) the horizontal-equity principle B) the goal of attaining social objectives C) the goal of economic efficiency D) the ability-to-pay principle