Giving the Fed a high degree of independence means all but:
A. the Fed governors will not be as tempted by political pressure.
B. it is less likely to expand the money supply simply to make it cheaper for the government to repay its debt.
C. technocrats-rather than politicians-are in charge, which tends to increase people's trust in the stability of the dollar.
D. The federal government will not have to borrow to finance its budget deficit.
D. The federal government will not have to borrow to finance its budget deficit.
You might also like to view...
What are the distinctions between domestic and national, and gross and net?
What will be an ideal response?
A consumer's reservation price is the
A) amount she will pay for a hotel or airline reservation. B) minimum amount she will pay for a good or service. C) price that maximizes her surplus. D) maximum amount she will pay for a good or service.
If MC's Hammers, a perfectly competitive firm, finds that its total revenue is $45,000 . its fixed cost is $20,000 . and its total cost is $50,000 . its producer surplus is
a. zero because TC > TR b. -$5,000 c. $25,000 d. $15,000 e. -$25,000
Mark, a U.S. citizen, buys stock in a British Shipping company. This purchase is an example of
a. investment for Mark and U.S. foreign direct investment. b. investment for Mark and U.S. foreign portfolio investment. c. saving for Mark and U.S. foreign direct investment. d. saving for Mark and U.S. foreign portfolio investment.