The Federal Open Market Committee
a. operates with almost complete discretion over monetary policy.
b. is required to increase the money supply by a given growth rate each year.
c. is required to keep short-term interest rates within a range set by Congress.
d. is required by its charter to change the money supply using a complex formula that concerns the tradeoff between inflation and unemployment.
a
You might also like to view...
Externalities get their name from the fact that they are:
a. b and d. b. unintended. c. short lived. d. outside of decisions. e. outside of marketplace.
Answer the following statement(s) true (T) or false (F)
1. The RCRA Amendments of 1984 continued to promote land disposal for hazardous wastes. 2. Identification of hazardous wastes under the law relies on risk-benefit analysis. 3. Standards on treatment, storage, and disposal facilities (TSDFs) are set to achieve allocative efficiency. 4. The land restrictions may act to provide an incentive to reduce hazardous waste generation. 5. A waste-end charge is a fee based on the quantity of waste generated that is imposed at the time of disposal.