The welfare programs undertaken by the U.S. government have been universally successful in reducing poverty and fostering economic growth

The FOMC meets approximately eight times per year and at these meetings they

a. set a target federal funds interest rate. b. set a target money supply. c. set a target employment target. d. All of the above e. None of the above

Classical economists and monetarists believe that the investment curve is

a. vertical b. steep to reflect the view that changes in investment are relatively insensitive to changes in the interest rate c. steep to reflect the view that changes in investment are very sensitive to changes in the interest rate d. unrelated to the interest rate e. relatively flat to reflect the view that changes in investment are sensitive to changes in the interest rate