Which of the Following Is False

question 8

Multiple Choice

Which of the following is false?

• A)There is very little that policymakers can do today to materially affect the current performance of the economy.
• B)The Fed's actions or its failure to take action today may aggravate inflation and cyclical fluctuations later.
• C)Increasing interdependence among the economies of the world implies that U.S. policymakers have more control over the performance of the U.S economy than they had in the past.
• D)The rationale behind intermediate targets is this: If the Fed hits the intermediate target, it will come reasonably close to achieving its economic objectives.

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Definitions:

Notes Payable

A formal written agreement to pay a specific amount of money on a certain date or upon demand to another party.

Salaries Expense

The total amount paid to employees for services rendered during a specific period, recorded as an expense on the income statement.

Supplies

Materials and items consumed or used in the operation of a business or manufacturing process that are not part of the final product.

Unearned Rent

Income received by a company for rent that has not yet been earned because the rental period has not occurred.