Alan Greenspan, who preceded Janet Yellen and Ben Bernanke as Fed chairperson, was a proponent of
A. discretionary intervention.
B. inflation targeting.
C. fiscal policy.
D. a rules-based approach to monetary policy.
Answer: A
Economics
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The demand and supply schedules for pizza are in the table above. If the government sets a maximum legal price of $2 per slice of pizza, then
A) there is a shortage of 20 slices of pizza. B) this maximum price is an example of a price floor. C) this maximum price is an example of a price ceiling. D) Both answers A and C are correct. E) Both answers B and C are correct.
Economics
National income can be calculated by subtracting
A. depreciation from GDP. B. indirect business taxes from GDP. C. depreciation and indirect business taxes from GDP. D. transfer payments and taxes from GDP.
Economics