Sound macroeconomic policies are less important than industrial policies in promoting growth
Indicate whether the statement is true or false
FALSE
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Gains from specialization and mutually beneficial trade ________ wealth or well-being.
A. increases B. decreases C. dilutes D. moderates
Which of the following is correct?
a. The Continental Congress used the inflation tax to help finance the American Revolution. b. The inflation is today a principal source of revenue for the U.S. government. c. There is no way a person can avoid the inflation tax. d. Governments can only raise revenues through taxation.
Aggregation involves adding together different products and services.
Answer the following statement true (T) or false (F)
The Federal Reserve banks play a role in formulating monetary policy by each of the following, except:
A. making discount loans. B. participation in setting the discount rate. C. participating in FOMC meetings. D. conducting open market operations from their banks.