To say monetary policy is transparent implies:
A. policymakers offer plausible explanations for their decisions along with supporting data.
B. that anyone could figure out what the correct policy should be.
C. that when faced with the same problem, policymakers will always react the same way.
D. monetary policy should not be so difficult that most people couldn't understand it.
Answer: A
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Physical and human capital investments are
a. different in that the opportunity for economic profit is present for physical capital but not for human capital investments. b. different in that human capital decisions do not involve future income considerations, while physical capital investments do. c. similar in that nonmonetary considerations play an equally important role in both. d. similar in that both involve forgoing current income (and consumption) in an effort to achieve higher future income (and consumption).
Sue Holloway was an accountant in 1944 and earned $12,000 that year. Her son, Josh Holloway, is an accountant today and he earned $210,000 in 2013. The price index was 17.6 in 1944 and 218.4 in 2013. Refer to Scenario 24-3. In real terms, Sue Holloway’s income amounts to about what percentage of Josh Holloway’s income?
a. 11.0 percent b. 114.7 percent c. 70.9 percent d. 65.2 percent
Briefly explain how divorce and the number of breadwinners in a household affect calculations of inequality. Give an example.
What will be an ideal response?
A pure monopoly has a HHI value of
A. 1,000. B. 5,000. C. 10,000. D. 100,000.