Author Question: With respect to controlling the money supply, the law requires the Fed to take orders from: a. the ... (Read 73 times)

Kikoku · **on:** Jun 30, 2018

With respect to controlling the money supply, the law requires the Fed to take orders from:
a. the President.
b. the Speaker of the House.
c. the Secretary of the Treasury.
d. no onethe Fed is an independent agency.

Question 2

Which of the following statements is true?
a. The doctrine of laissez-faire advocates an economic system with extensive government intervention and little individual decision-making.
b. In capitalism income is distributed on the basis of need.
c. Adam Smith was the father of socialism.
d. Most real-world economies are mixed economic systems.
e. The invisible hand refers to government economic control.