Taxes levied on imports are called ________

A good reason for policy makers to pursue a goal of stabilizing economic activity is that ________

A) high inflation is always accompanied by high variability of inflation B) high unemployment causes human misery and lost output C) in a stable economy, there is little or no structural inflation D) all of the above E) none of the above

Federal Reserve governors are given long terms to insulate them from politics

a. True b. False Indicate whether the statement is true or false