How do legal controls on prices lead to corruption?
A. Persons who benefit from the controls are willing to bribe officials to keep the controls in place.
B. Persons who make the laws may favor certain groups at the expense of others.
C. Selling in the black market is very profitable, and persons therefore willingly break the law.
D. Discrimination may occur as a means to limit buying or selling select groups.
E. All of these responses are correct.
Answer: E
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The Friedman Rule is optimal because
A) households would be able to buy more as prices decrease. B) the central bank has better control of the money supply. C) money is neutral. D) households are indifferent between holding bonds and money.
Give a brief overview of how education attainment and elementary and secondary education spending has changed in the United States since 1940
What will be an ideal response?