Demand-pull inflation can result when
A) policymakers set an unemployment target that is too high.
B) a persistent budget deficit is financed by selling bonds to the public.
C) a persistent budget deficit is financed by selling bonds to the central bank.
D) workers get numerous wage increases.
C
Economics
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In the late 1990s, M2 velocity ________, suggesting a ________ normal relationship between M2 and macroeconomic variables
A) stabilized; less B) stabilized; more C) slowed; less D) slowed; more
Economics
The Federal Reserve is considered by experts to be a government agency that is
A) totally independent from the rest of the federal government. B) semi-independent from the rest of the federal government. C) closely tied to Congress. D) subservient to the interests of large money-center banks.
Economics