The Fed is institutionally independent. A major advantage of this is that monetary policy
a. is subject to regular congressional scrutiny.
b. will often offset fiscal policy.
c. is not controlled by politicians.
d. is usually coordinated with fiscal policy.
c
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Use the following graph to answer the question below.
If the price is P3, then the total revenue is represented by area
A. E + F + G. B. B + C + D + E + F + G. C. B + C + D. D. A + B + C + D + E + F + G.
Nations with low levels of GDP per capita may converge to richer nations if
A) nations with high levels of income experience a continuously increasing growth rate. B) nations with lower levels of income grow more quickly than those with higher levels of income. C) nations with lower levels of income grow more slowly than those with higher levels of income. D) nations with lower levels of income spend less on investment.
To provide an incentive for villagers to repay loans, in the text Muhammad Yunus:
A. threatened to call the borrower's mother. B. forced villagers to offer collateral for loans. C. would increase interest rates by 1 percentage point after each late payment. D. made loans using group responsibility.
Firms with market power must decide all of the following except
A. how to produce it. B. how much to supply in each input market. C. what price to charge for their output. D. how much to produce.