All of the following are benefits of the Fed having only the single goal of price stability EXCEPT
A) the Fed would be more credible.
B) the fed would not be distracted and led astray by other concerns.
C) there would be greater reliance on fiscal policy for economic stabilization.
D) the Fed would be free from political pressures.
C
Economics
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Structural deficit (surplus)
What will be an ideal response?
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The reason that most of the coffee that is consumed in the United States comes from Colombia is that
A) Colombia has an absolute advantage in producing coffee relative to the United States. B) Colombia has a comparative advantage in producing coffee relative to the United States. C) coffee cannot be grown in the United States. D) government trade disincentives regarding Colombian coffee make such trade possible.
Economics