From the 1950s through the 1970s, the Fed
a. favored controlling the money supply over controlling the interest rate
b. did not seem to favor either control over the money supply or the interest rate
c. favored controlling the interest rate over controlling the money supply
d. controlled whichever target that government did not control at the time
e. based its control policy—the interest rate or the money supply—on the value of the dollar vis-à-vis other currencies
C
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The text argues that if avocado growers in Mexico can produce avocadoes cheaper than avocado growers in the United States, this will not reduce total jobs available in the United States. The logic underlying this argument is that
A) avocado growers in the United States did not earn much anyway. B) avocado growers in the United States are welcome to emigrate to Mexico. C) avocado growers in the United States will switch to specializing in a crop in which they hold the comparative advantage. D) avocado growers in Mexico need the jobs more than Americans do.
If a firm's MRP of capital > MFC, the firm should
a. lower the interest rate b. decrease its quantity demanded of loanable funds c. increase its quantity demanded of loanable funds d. hire more labor e. raise the interest rate
A 1986 study of segregation on early 20th century U.S. streetcars found that the primary source of racial segregation on streetcars was
a. a longstanding tradition of racial segregation. b. policies implemented by the owners of streetcars. c. laws passed by the government. d. threats by white people to boycott the streetcars if they were forced to sit with black people.
Corporation
What will be an ideal response?