The Federal Reserve, the Bank of England, the European Central Bank, and the Bank of Japan are largely
A. run by those appointed for life.
B. independent of political influence.
C. corrupt.
D. controlled by political parties.
Answer: B
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What are the defining features of monetarist macroeconomics and what policies do monetarist macroeconomists recommend?
What will be an ideal response?
The following is an example of risk aversion
a. those applying for a well-paid job tend to be the most qualified b. more reckless drivers opt for cars with more safety devices c. the contractor with the lowest bid for a is the most qualified d. Initial Public Offerings (IPOs) seek investors when prospects look good
A good way to view macroeconomic equilibrium is:
a. Water at rest in a tub. b. Two opposing forces, like water flowing into and out of a tub but the level remaining constant. c. A state of complete rest, where an economy comes to a complete halt for a brief period. d. A state of rapid change, but one where the adjustment from one level to another is so quick that the shifts are seamless to most observers. e. Where the supply and demand for economic activity equals the supply and demand for political activity.
What is used to illustrate an independent relationship between two variables?
a. A horizontal or vertical line b. An upward-sloping curve c. A downward-sloping curve d. A hill-shaped curve