In practice, the Board of Governors and FOMC typically defer to the policy proposals of the:

Which statement is false?

A. The unemployment rate for blacks has consistently been double that of whites. B. The largest source of income is property income. C. Women have traditionally earned 60% of what men have earned. D. None of these statements are false.

Which of the following would be most likely to improve the standard of living of a less-developed country?

a. Development of strong labor unions.
b. More foreign investment, attracted by the expectation of economic and political stability.
c. Adoption of trade barriers (higher tariffs and quotas).
d. Widespread use of price controls to allocate goods and resources.