In 2012, the House of Representatives voted to have what type of audit of the Fed?
A) auditing of financial statements
B) auditing lending policy that took place during the financial crisis of 2007-2009
C) auditing of monetary policy decisions
D) auditing of personal finances of members of the Board of Governors
C
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Which of the following forms the largest share of gross domestic product in the United States, when measured using the expenditure method?
A) Investment expenditure B) Government expenditure C) Foreign expenditure on domestic goods D) Expenditure on consumption
The techniques of optimization in levels and optimization in differences:
A) cannot be used to compare the same set of alternatives. B) provide identical answers when comparing the same set of alternatives. C) may provide different answers when comparing the same set of alternatives. D) compare only the costs and ignore the benefits of the alternatives.