Economic studies conducted in industrially advanced countries suggest there is:
A. A positive relationship between the degree of independence of the central bank and the size of the average annual rate of inflation
B. An inverse relationship between the degree of independence of the central bank and the size of the average annual rate of inflation
C. No relationship between the degree of independence of the central bank and the size of the average annual rate of inflation
D. A positive relationship between the degree of independence of the central bank and the size of the central bank
B. An inverse relationship between the degree of independence of the central bank and the size of the average annual rate of inflation
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Which of the following serves as the central banker for private banks in the United States?
A. The 12 regional Federal Reserve banks. B. The Executive Branch of government. C. The Board of Governors of the Federal Reserve System. D. The Fed Open Market Committee.
The "incidence of a tax" is the term used to indicate
a. the responsibility for collecting the tax. b. who actually bears the tax burden. c. who the tax is initially levied on. d. the regressive rate structure of the tax.