Which of the following is a major measure of economic growth?
A. The rise in the price level.
B. Changes in interest rates.
C. The fall in the rate of unemployment.
D. Changes in real GDP per capita.
Answer: D
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The Fed is institutionally independent. A major disadvantage of this is that monetary policy
a. will always be coordinated with fiscal policy. b. is not subject to democratic control as other policies are. c. will never offset fiscal policy. d. cannot be changed once it has been instituted.
When the value of money is on the vertical axis, the money supply curve is vertical and shifts right if the Federal Reserve buys bonds
a. True b. False Indicate whether the statement is true or false
The sum of the current account, the capital account, and the official reserve transaction account is
A) always positive. B) always negative. C) positive when exports are greater than imports. D) zero.
The New York Stock Exchange handles only about 10 percent of all stock market transactions in the United States
a. True b. False Indicate whether the statement is true or false