Making effective monetary policy for the euro zone should be a relatively easy task for the European Central Bank (ECB) since the euro member countries are very similar.
Answer the following statement true (T) or false (F)
False
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The Social Security System
A) pays benefits to people which are directly related to how much they contributed during working years. B) collects money from an individual and uses the accrued interest on those funds to pay the person's retirement benefits. C) is based on a "pay-as-you-go" principle. D) All of the above.
Price controls often generate
A) more efficient markets. B) black markets. C) rapid adjustment to market-clearing prices. D) greater price flexibility.
Which of the following is the most liquid store of purchasing power?
a. A dollar bill. b. Common stock. c. Gold. d. Real estate.
An advantage of a consumption tax is that it does not distort the incentive to save
a. True b. False Indicate whether the statement is true or false