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.
b
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At the _________ Conferences held from1899-1908, management as a discipline known as home economics was founded
a. Lake Placid b. Packard c. Smith-Lever d. San Francisco
The money market reaches equilibrium when
a. money demand equals money supply. b. bond prices reach zero. c. the quantity of money demanded equals the quantity of money supplied. d. interest rates reach zero. e. the growth of the money supply equals the rate of growth of the budget deficit.
If the price of garbage removal rises, people will
a. demand a lesser quantity of garbage removal. b. take more waste to recycling centers. c. repair broken items rather than throwing them out. d. All of the above are correct.
A typical worker's normal or average income is called
a. the life cycle. b. permanent income. c. transitory income. d. in-kind transfers.