The Fed has immense power and there are no limits to the extent to which it can effectively control the economy

Cited in the text, one obvious example of the effect on power politics that comes from reducing poverty is the increasing influence of

a. Brazil. b. India. c. China. d. Russia.

Which of the following arguments is typically associated with classical economists?

A) A market economy is self-correcting and thus will not remain in a recession indefinitely B) A market economy has stable prices and thus is usually free from inflation C) A market economy requires a strong government to ensure that the market meets the needs of the people D) A market economy needs only moderate assistance from the government to avoid an extended recession E) A market economy eventually results in monopolies in both the input and output markets