Which of the following statements is NOT true regarding the politics of monetary policy?
a. Monetary policy is insulated from the turmoil of partisan politics.
b. The effects of monetary policy can be unpredictable.
c. When trying to hold back inflationary pressures, loose monetary policy is likely to be adopted.
d. The Federal Reserve sets interest rates.
e. Monetary policy can be created (or changed) faster than fiscal policy.
c. When trying to hold back inflationary pressures, loose monetary policy is likely to be adopted.
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In response to the 2008 economic crisis, President Bush favored a massive spending program to shore up shaky banks. Which statement explains how this is an example of Keynesian economics?
a. Keynes favored policies that could be implemented and changed quickly. b. Keynes believed that a stable banking system was the key to economic stability. c. According to Keynes, governments can best address recessions through deficit spending. d. According to Keynes, the private sector will always mimic the economic behavior of the government.
To increase trade activity, governors have established _____ in other countries
Fill in the blank(s) with correct word