Which of the following describes the degree of control that the Fed has over the money supply?
A) The Fed has substantial control over the money supply.
B) The Fed has absolute control over the money supply.
C) The Fed has no control of the money supply.
D) The Fed is not concerned about the level of the money supply, and does not attempt to control it.
A
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The Chicago Heights school district study found that
A) teachers have a low occurrence of moral hazard. B) students did much better with a teacher who received merit pay. C) adverse selection results among teachers with poor students. D) teachers did not response to pay incentives.
Everything else held constant, if the expected return on U.S. Treasury bonds falls from 10 to 5 percent and the expected return on GE stock rises from 7 to 8 percent, then the expected return of holding GE stock ________ relative to U.S
Treasury bonds and the demand for GE stock ________. A) rises; rises B) rises; falls C) falls; rises D) falls; falls
A radio station gives "free money" to those listeners whose names are drawn and announced over the airwaves from postcards the listeners sent into the radio station. Is the money really free for the listener?
When a country specializes in the production of a good that is relatively cheaper for it to produce than other goods, it is because of:
A) the foreign-trade multiplier. B) comparative advantage. C) nontariff barriers. D) absolute advantage.