Unconventional monetary policies include massive lending to banks and open-market purchases of assets other than Treasury bills

Some politicians have recently suggested changing the income tax system in the U.S. to a flat tax system where all taxpayers would pay the same percentage of their income in tax to the federal government

Explain how such a change can be analyzed in terms of efficiency. Do you believe that this tax will have equity effects as well?

Which of the following would increase the value of the dollar in the long run?

A) a decrease in U.S. tariffs on foreign goods B) an increase in the demand for American goods relative to goods from other countries C) an increase in inflation in the United States relative to other countries D) an increase in the supply of dollars on the foreign exchange market