To reduce politicization of policy making, many countries have given control of ________ to politically independent central banks
A. fiscal policy
B. monetary policy
C. unfunded liabilities
D. budget deficits
Answer: B
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The median voter model
A) works well in the area of trade policy. B) is not intuitively reasonable. C) tends to result in biased tariff rates. D) does not work well in the area of trade policy. E) is not widely practiced in the United States.
Any bank reserves over and above the level of required reserves are known as
a. federal funds. b. discounted reserves. c. excess reserves. d. surplus reserves.
Which of the following events prompted the birth of market monetarism?
A) the Great Depression B) the Great Recession C) the 1907 Bankers' Panic D) the establishment of the European Union
Refer to the information provided in Table 3.2 below to answer the question(s) that follow.Table 3.2Price per CheeseburgerQuantity Demanded (Cheeseburgers per Month)Quantity Supplied (Cheeseburgers per Month)$51,500 500 61,200 700 7 900 900 8 6001,100 9 3001,300Refer to Table 3.2. If the price per cheeseburger is $5, there is an excess
A. supply of 2,000 cheeseburgers. B. demand of 1,000 cheeseburgers. C. demand of 300 cheeseburgers. D. supply of 500 cheeseburgers.