Refer to the Article Summary. Senator Pat Toomey brought the Fed's credibility into question when it once again delayed raising interest rates despite several prior announcements alluding to timing for a potential interest rate hike
Prior to this, over the past two decades whenever a change in Fed policy had been announced, the change has ________ taken place, leading to ________ credibility.
A) rarely; less B) rarely; greater C) actually; greater D) actually; less
C
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Which of the following is a result of discrimination?
a. Two groups of workers earning different wages. b. Two groups of workers paid the same wage, but proportionally fewer of one group are employed. c. Equal pay and equal employment opportunities for two groups of workers with different productivities. d. No workers from a particular group are employed.
Which of the following would not cause a shift in the supply curve for a good?
a. An increase in demand for that good. b. An increase in the cost of labor used to produce that good. c. A change in the cost of raw materials used to produce that good. d. A decrease in the cost of machinery used to produce that good.
If someone told you that France's government budget was similar to the U.S. budget, you would know that the highest category of government spending in France is for
a. national security b. net interest payments on the national debt c. income support, Social Security, and welfare d. veterans' benefits e. transportation
Which of the following observations is true?
a. Tax changes have no impact on the consumption schedule. b. Tax reduction shifts the consumption schedule upward. c. Changes in taxes have a multiplier effect on equilibrium GDP on the supply side. d. Tax increases increase equilibrium GDP.