Supply-side economists argue that
A) lower tax rates always lead to lower tax revenues.
B) higher tax rates lead to increased productivity.
C) lower tax rates sometimes lead to increased tax revenues.
D) lower tax rates lead to a drop in real Gross Domestic Product (GDP).
C
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Critics of the current system of Fed independence contend that
A) the current system is undemocratic. B) voters have too much say about monetary policy. C) the president has too much control over monetary policy on a day-to-day basis. D) the Board of Governors is held responsible for policy missteps.
One of the most important enforcement tools of the Consumer Finance Protection Bureau is:
A) the threat of civil charges against those who violate the laws involving money transfers, foreclosure and many other financial services B) the ability to audit financial firms and institutions C) the ability to initiate new regulations D) the authority to impose criminal penalties