Part of the controversy about Fed independence include(s)
A. the goal to bring all macroeconomic policy under the direct control of the president.
B. the appropriate role of the Fed in policy making.
C. how to make the Fed more powerful than other central banks.
D. All of the above are correct.
Answer: B
Economics
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When unions exist in markets
A) firms must have market power in their output markets. B) there no longer is a perfectly competitive labor supply. C) individual workers no longer make labor-leisure trade-off decisions. D) employers have market power in labor markets.
Economics
An exchange rate that varies according to supply and demand for the currency in the foreign exchange market is called a ________ exchange rate.
A. flexible B. nominal C. fixed D. real
Economics