Studies by economists have tended to show that countries with more independent central banks have:
A. more inflation.
B. less inflation.
C. higher unemployment.
D. lower unemployment.
Answer: B
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When the Fed supplies the banking system with an extra dollar of reserves, deposits increase by more than one dollar—a process called
A) extra deposit creation. B) multiple deposit creation. C) expansionary deposit creation. D) stimulative deposit creation.
The consumer price index measures: a. the cost of all goods and services produced in the U.S. economy
b. the average change over time in the selling prices received by domestic producers for their output. c. the cost of a fixed market basket of consumer goods and services produced in the U.S. economy. d. the ratio of an economy's nominal GDP to its real GDP. e. the income distribution of an economy.
Refer to the table shown to answer the question. Between $2.20 and $2.40, demand is:PriceQuantity Demanded$1.60130$1.80120$2.00110$2.20100$2.4090$2.6080
A. unit elastic. B. perfectly elastic. C. inelastic. D. elastic.
Over the last several years and until recently, the United States has had lower unemployment rates than most European countries
a. True b. False Indicate whether the statement is true or false