1.The FED increased the monetary base by $2 to $3 trillion dollars in the Great
ID: 1132489 • Letter: 1
Question
1.The FED increased the monetary base by $2 to $3 trillion dollars in the Great Recession (2007-2009).
True
False
2.President Trump's Council of Economic Advisors Chairman is:
Kevin Hassett
Jason Furman
Greg Mankiw
Alan Krueger
3.Medical inflation was actually slightly above overall inflation until about 1983 when medical inflation increased sharply.
True
False
4.A libertarian believes in:
economic freedom but not personal freedom.
economic freedom and personal freedom.
neither personal freedom or political freedom.
economic freedom but not personal freedom.
5.In our comparison of cumulative inflation rates from 2003-2015, the highest rate was college tuition and fees, overtaking health care costs.
True
False
6.The Great Recession in the U.S. (2007-2009) was not as severe as the 1980-1982 recessions.
True
False
Kevin Hassett
Jason Furman
Greg Mankiw
Alan Krueger
3.Medical inflation was actually slightly above overall inflation until about 1983 when medical inflation increased sharply.
True
False
4.A libertarian believes in:
economic freedom but not personal freedom.
economic freedom and personal freedom.
neither personal freedom or political freedom.
economic freedom but not personal freedom.
5.In our comparison of cumulative inflation rates from 2003-2015, the highest rate was college tuition and fees, overtaking health care costs.
True
False
6.The Great Recession in the U.S. (2007-2009) was not as severe as the 1980-1982 recessions.
True
False
Explanation / Answer
Answer 1 :- False
As The FED trippled the monetary base during the great recession 2007 - 2009
Answer 2 :- (a) Kevin Hassett
Kevin Hassett is the 29th chairman. Appointed in early 2017
Answer 3 :- False
Answer 4 :- (b)
A libertarian believes in economic freedom and personal freedom
As per chegg policy First four question is need to answered in case of more than 4 questions. Now feel free to ask any query regarding it Your ssatisfaction is very valuable.
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