When Jerome Powell, Chair of the Federal Reserve, addresses Congress regarding t

ID: 1133216 • Letter: W

Question

When Jerome Powell, Chair of the Federal Reserve, addresses Congress regarding the United States role in the world economy, he is discussing

a microeconomic topic.

scarcity.

incentives.

a macroeconomic topic.

Medical inflation was actually slightly above overall inflation until about 1983 when medical inflation increased sharply.

True

False

The FED increased the monetary base by $2 to $3 trillion dollars in the Great Recession (2007-2009).

True

False

A traditional conservative believes in:

economic freedom and personal freedom.

neither personal freedom or political freedom.

economic freedom but not personal freedom.

personal freedom but not economic freedom

The Classical School strongly supports all four functions of government equally.

True

False

A libertarian believes in:

neither personal freedom or political freedom.

economic freedom and personal freedom.

economic freedom but not personal freedom.

a microeconomic topic.

scarcity.

incentives.

a macroeconomic topic.

1. When Jerome Powell, Chair of the Federal Reserve, addresses Congress regarding the United States role in the world economy, he is discussing

Macro Economic topic

2. Medical inflation was actually slightly above overall inflation until about 1983 when medical inflation increased sharply.

True

3. The FED increased the monetary base by $2 to $3 trillion dollars in the Great Recession (2007-2009).

True

4. A traditional conservative believes in:

Personal freedom nto economic freedom

6. A libertarian believes in Economic and personal freedom.

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