Members of the Federal Reserve Board of Governors can set monetary policy in relative independence of political pressures because
A) monetary policy is too complex to be understood by the general public.
B) their authority derives from the Constitution rather than popular election.
C) they are not allowed to belong to any political party.
D) they hold their positions for fourteen-year terms.
D
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The above table shows the distribution of income and wealth in Miseria. What percent of income is earned by the richest 40 percent of the population?
A) 20 percent B) 30 percent C) 55 percent D) 70 percent
The above figure shows the demand and marginal cost curves for a monopoly. The deadweight loss of this monopoly equals
A) h. B) c. C) c + f. D) c + d + e + f.
The extent of money expansion will be: a. greater if banks hold on to excess reserves
b. greater if private individuals hold on to cash. c. greater if banks hold on to excess reserves but less if private individuals hold on to cash. d. less if banks hold on to excess reserves but greater if private individuals hold on to cash. e. less if banks hold on to excess reserves or private individuals hold on to cash.
In a two-sided market, the platform may offer different prices to different group of end users due to
A) the budget constraints of end users. B) substitution effects between the end users and the platform. C) different network effects between groups of end users. D) a lack of product differentiation in the products sold.