Over time, overall responsibility for formulating monetary policy has become increasingly concentrated in the
A) Federal Reserve Bank of New York.
B) Council of Economic Advisors.
C) Federal Deposit Insurance Corporation.
D) Federal Reserve Board of Governors.
D
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__________ argue that any exogenous decrease in investment spending would be countered automatically by either increased consumption or interest-sensitive investment spending
A) Monetarists B) Keynesians C) Classical economists D) None of the above.
If variables with a multivariate normal distribution have covariances that equal zero, then
A) the correlation will most often be zero, but does not have to be. B) the variables are independent. C) you should use the ?2 distribution to calculate probabilities. D) the marginal distribution of each of the variables is no longer normal.
Foreign direct investment includes portfolio investment
a. True b. False Indicate whether the statement is true or false
________ legislation generates concentrated benefits but imposes widespread costs, while ________ legislation generates concentrated benefits for one group, and imposes concentrated costs upon another group
a. Public interest; special interest b. Special interest; median voter c. Rationally ignorant; public interest d. Special interest; competing-interest