If the Federal Reserve is to be independent, then the quantity of securities it purchases is determined by:
A. Congress.
B. the Federal Reserve itself.
C. the amount the public does not want to purchase at the going price.
D. the Treasury.
Answer: B
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In the short run, an unanticipated cut in the rate of inflation would
A) increase the unemployment rate. B) decrease the unemployment rate. C) unambiguously improve the misery index. D) lower the natural rate of unemployment.
Most economists believe that in the short run
a. real and nominal variables are determined independently and that money cannot move real GDP away from its long-run trend. b. real and nominal variables are determined independently but that money can temporarily move real GDP away from its long-run trend. c. real and nominal variables are highly intertwined but that money cannot move real GDP away from its long-run trend. d. real and nominal variables are highly intertwined and that money can temporarily move real GDP away from its long-run trend.
Most of the states, including those that did not expand Medicaid, have eligibility thresholds that exceed the level set for household incomes set by the ACA (138 percent of the federal poverty level). This is true for all of the following groups except one. Which one?
a. Working-aged adults without dependents b. Pregnant women c. Children (under age 19) living in those households d. Disabled regardless of marital status
Exhibit 5-9 Supply and Demand Curves for Good X
?
In Exhibit 5-9, assume the government places a $200 per unit sales tax on Good X. The percentage of the burden of taxation paid by consumers of Good X is:
A. zero. B. 25 percent. C. 50 percent. D. 100 percent.