The president has influence on Federal Reserve policy because
a. he can veto any Fed policy.
b. he appoints the board members and the chair.
c. he can fire the chair.
d. he can replace board members at any time.
b
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The fiscal policy response to the recession of 2008-2009 was
a. a substantial increase in the budget deficit just as Keynesian analysis would recommend. b. a balanced budget, just as Keynesian analysis would recommend. c. a substantial increase in the budget deficit, which was highly inconsistent with Keynesian analysis. d. a shift of the federal budget toward a large surplus, which reflected the views of the critics of Keynesian economics.
Which of the following is true according to the case study on U.S. / China trade presented in the chapter?
A) China has relative abundance in capital. B) China has relative abundance in skilled labor. C) The United States has relative scarcity in unskilled labor. D) The United States has relative scarcity in capital.
Refer to the information provided in Figure 16.2 below to answer the question(s) that follow.
Figure 16.2Refer to Figure 16.2. The ________ amount of cars is 25.
A. subsidized B. break-even C. unregulated D. efficient
The Powerpoint graphic with pictures of different musical artists was illustrating which of the following ideas?
A) markets tend to "lock-in" particular preferences for a long time B) markets tend to generate reflect a small set of majority preferences C) markets value and reflect individual preferences especially as markets expand D) all of the above