The United States does not use subsidies as part of its policies
Indicate whether the statement is true or false
FALSE
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The lag between changes in the Fed's interest rate target and large responses of output means that the Fed may want to ________ interest rates ________ output recovers to its natural level
A) raise, after B) lower, before C) raise, before D) lower, after
The velocity of money ________
A) represents the average number of times a dollar turns over through the year B) provides the link between the money supply and nominal income C) times the money supply should equal total income, according to the equation of exchange D) all of the above E) none of the above
In 1997, there was a speculative attack on the Thai baht. This resulted from the:
A. belief by speculators that the Thai central bank didn't have sufficient U.S. dollar reserves to maintain the current fixed rate. B. revelation that the Thai central bank had converted its gold reserves into foreign exchange. C. belief by speculators that the Thai central bank had an oversupply of U.S. dollar reserves. D. overthrow of the Thai president and the central bank.
A private good is a good that:
A.) Is financed by private dollars instead of taxes. B.) Can be jointly consumed. C.) Can be denied to those who do not pay for it. D.) Consumers use privately in their homes.