Answer the following questions true (T) or false (F)
1. Monetary policy is conducted by the U.S. Treasury Department.
2. Maintaining a strong dollar in international currency markets is not one of the four monetary policy goals of the Fed listed in the textbook.
3. The Fed can directly lower the inflation rate.
1. FALSE
2. TRUE
3. FALSE
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When the Fed purchases government bonds the money supply _____ and the federal funds rate _____
Fill in the blank(s) with correct word
The central banks of many developing countries choose to pursue policies that generate high levels of inflation, because the benefits of doing so seem to exceed the costs.
Answer the following statement true (T) or false (F)
From 1998 to 2010, the cost of building a nuclear plant increased from $3 billion to $10 billion. If the marginal cost of producing electricity stays the same, then the average fixed cost of producing electricity ________ while the average total cost of producing electricity ________.
A. increases; increases B. decreases; stays the same C. increases; stays the same D. decreases; increases
Which of the following is not one of the gains from trade discussed in Chapter 14?
A. Increases in domestic employment B. Lower prices of goods and services C. Access to natural resources D. Access to global markets