The monetary policies carried out by the Fed
A. must be ratified by Congress.
B. must be consistent with fiscal policies passed by Congress.
C. are sometimes inconsistent with fiscal policy.
D. must be approved by the president.
Answer: C
Economics
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Along a linear (straight-line) downward-sloping demand curve, demand is unit elastic at
A) the highest price. B) the lowest price. C) the midpoint. D) all points on the linear demand curve. E) None of the above because linear demand curves are never unit elastic.
Economics
Producer groups tend to lobby for
A) price floors. B) price ceilings. C) quantity quotas. D) taxes.
Economics