Which of the following statements best completes the following: "The Fed's independence can only be revoked by…"?
A. Congress
B. Changing the U.S. Constitution
C. The Secretary of the Treasury
D. The U.S. President
Answer: A
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The issue of Fed independence is most often raised by
A) disagreement over the role the Fed should play in managing monetary policy. B) the Fed's refusal to carry out the wishes of the President. C) the Fed's refusal to carry out the wishes of Congress. D) the public's negative reaction to Fed policy.
____ occur(s) when an X percent increase in input use raises output by more than X percent, so that the more the firm produces, the lower its per-unit costs become.
A. Economies of scope B. Scale economies C. Product differentiation D. Perfect competition
What was the per capital income level for the United States in 2011?
a. $28,100 b. $38,100 c. $48,100 d. $58,000
In the article on China holding $4 trillion in dollars, for every dollar it holds in reserves, it prints
A. 6.5 fewer yuan for the domestic money supply. B. 10 additional yuan for the domestic money supply. C. 10 fewer yuan for the domestic money supply. D. 6.5 additional yuan for the domestic money supply.