Economic institutions like the Federal Reserve System of 1914 created by legislation are designed to:
(a) Only achieve economic goals
(b) Garner votes
(c) Satisfy the well organized interests of
special groups
(d) All of the above
(d)
Economics
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If the current unemployment rate is equal to the natural unemployment rate, then current Real GDP is
A) greater than Natural Real GDP. B) equal to Natural Real GDP. C) equal to the Real GDP produced at full employment. D) less than Natural Real GDP. E) b and c
Economics
The U.S. Federal Reserve, the Bank of Japan, the Bank of England, and the European Central Bank are all in charge of what for the countries they represent?
A. Debt management. B. Unfunded liabilities. C. Monetary policy. D. Fiscal policy.
Economics