What is the maximum number of voting members of the FOMC?
A. 7
B. 48
C. 4
D. 12
Answer: D
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Which of the following decades is known as the "Golden Age of Keynesian Economics"?
a. The 1930s b. The 1950s c. The 1960s d. The 1970s e. The 1980s
Wages that are higher than the current market wage:
A) reduce the cost of production of various goods. B) lower the aggregate price index. C) dissuade workers from shirking. D) lower the productivity of workers.
Compared to the United States, Japan's experience with monetary targeting during the 1978––1987 period performed
A) better with regard to the inflation rate and output fluctuations. B) worse with regard to the inflation rate and output fluctuations. C) better with regard to the inflation rate, but worse with regard to output fluctuations. D) worse with regard to the inflation rate, but better with regard to output fluctuations.
The establishment of GATT resulted in
a. lower tariff rates b. increased tariff rates c. decreases in total world trade d. increased protectionism e. a rise in the price of imports