The chairman of the Federal Reserve is considered one of the most important economic positions in the world because this person has significant direct control over the conduct of:
A. fiscal policy in the United States.
B. monetary policy in the United States.
C. international trade policy in the United States.
D. government budget in the United States.
B. monetary policy in the United States.
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From the point of view of a particular country, capital outflows are:
A. purchases of domestic assets by foreigners. B. purchases of foreign goods or services by domestic households or firms. C. purchases of domestic goods or services by foreigners. D. purchases of foreign assets by domestic households or firms.
If the average propensity to consume is 1.0, the marginal propensity to consume is 0.8, and real disposable income increases by $100, the additional saving is
A) $0. B) $20. C) $80. D) $100.
The rate of interest that you pay on a home loan depends upon all of the following EXCEPT
A) the supply of houses in the real estate market. B) the length of the loan. C) your credit rating. D) handling charges or loan fees.
Dairy price supports result in a redistribution of welfare from consumers to dairy farmers
a. True b. False