Analysis of Macro Policy and Theory Has Resulted in of the Following

question 55

Multiple Choice

Analysis of macro policy and theory has resulted in of the following views?

• A)There should be no constraints imposed on fiscal or monetary policy.
• B)A constitutional amendment is the most appropriate method to constrain fiscal policy.
• C)The heads of the central bank should be chosen by popular elections.
• D)all of the above
• E) none of the above

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Definitions:

Floor Price

The minimum price set by regulation, often by the government, below which a commodity cannot legally be sold in the market.

Market Supply

The total amount of a specific good or service that is available to consumers in a market at a given time and price.

Equilibrium Price

Equilibrium price is the price at which the quantity of a good demanded by consumers equals the quantity supplied by producers, leading to market stability.

Consumer Surplus

The difference in the total expected payment consumers are ready to make for a good or service and their actual expenditures.