Author Question: A primary goal of the Fed, if it sought after monetary equilibrium, is to A) keep interest rates ... (Read 74 times)

V@ndy87 · **on:** Jun 29, 2018

A primary goal of the Fed, if it sought after monetary equilibrium, is to

A) keep interest rates stable.
B) keep jobs plentiful.
C) keep the quantity supplied of money equal to the quantity demanded.
D) get the national debt paid off in a timely manner.
E) keep the M1 money supply is tied to the amount of gold reserves held in Fort Knox.

Question 2

Taxing some citizens to provide welfare grants to other citizens has been called by some coercive charity. The economist's case for coercive charity assumes

A) it is efficient to transfer a dollar from a wealthy person to someone with little income.
B) morality cannot be legislated.
C) people are basically selfish.
D) people who genuinely want the poor to be helped often do not provide any help.
E) redistributing income promotes more rapid economic growth.