The Fed seeks to promote stability of financial markets because
A) resources are lost when there is not an efficient matching of savers and borrowers.
B) they want to lift the self-esteem of workers.
C) unstable markets result in increased efficiency.
D) Congress directed them to do so by the Employment Act of 1946.
A
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Employees at the hospital have negotiated a 3 percent increase in wages for the next year, based on their inflation expectations. If inflation is actually 5 percent over the next year, which of the following will occur?
A) Real wages for hospital employees will fall. B) The increase in inflation is expected. C) Inflation will be 3 percent the following year. D) Unemployment of hospital employees will rise.
Food stamps are ______
a. financed by the federal government but administered by the states b. financed by the federal government and the states and administered by the states c. financed by the federal government and the states and administered by localities d. financed by the states but administered by the counties
Congress relies on economists at the Congressional Budget Office to
a. enforce the nation's antitrust laws. b. set the nation's monetary policy. c. provide evidence that incumbent members of Congress are performing well in their jobs. d. provide independent evaluations of policy proposals.
If every country uses tariffs, everyone is likely to lose.
Answer the following statement true (T) or false (F)