One way that central banks can maintain their credibility is by ______.
a. hiring an unknown outsider to lead them
b. becoming heavily involved in politics
c. avoiding disclosing an inflation target
d. maintaining independence from other government entities
d. maintaining independence from other government entities
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Raising the personal income tax rate rotates the consumption function ________ and ________ the tax-adjusted MPC
A) downward; raises B) upward; raises C) downward; lowers D) upward; lowers
Recent income distribution figures in the United States show
A) slightly more inequality. B) less inequality. C) greater equity. D) less equity.
If a central bank reduces inflation 2 percentage points and this makes output fall 3 percentage points and unemployment rise 5 percentage points for one year, the sacrifice ratio is
a. 5/2. b. 3/2. c. 2/3. d. 2/5.
Which of the following at one time were monopolies because they were the first to enter their field?
A. Xerox B. IBM C. Microsoft D. All of the choices are true.