With the internationalization of our economy, the Federal Reserve has had a much more difficult time conducting monetary policy because of _________________.
Fill in the blank(s) with the appropriate word(s).
international capital flows
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The chairman of the Federal Reserve Board of Governors:
A. Is elected by U.S. voters. B. Will typically change following each presidential election. C. Serves a four-year term and can be reappointed. D. Is always closely tied to the same political party as the president.
The government of Silverado raises revenue to operate the city's hospital, open to all residents, through a general income tax paid by its residents. This method of raising revenue is consistent with the benefits-received principle
Indicate whether the statement is true or false
In an auction where the bidders values are $400, $500, $650, $800 and $850, the highest two bidders form a bid-rigging cartel. What would have the winning bid been if there was no cartel?
a. $501 b. $651 c. $801 d. $846
The rising marginal cost curve intersects the minimum point of both the average variable cost and average total cost curves
Indicate whether the statement is true or false