Allied ecn151 Module 6 Check Your Understanding

Question Question Points 1. The inflation rate is measured as the percentage change in a price index. a. True b. False 2. If the Fed were to unexpectedly increase the money supply, creditors would gain at the expense of debtors. a. True b. False 3. Members of the Board of Governors are appointed by the President of the U.S. and confirmed by the U.S. Senate. a. True b. False 4. The evidence from hyperinflations indicates that money growth and inflation: a. are positively related, which is consist...

Question Question Points 1. The inflation rate is measured as the percentage change in a price index. a. True b. False 2. If the Fed were to unexpectedly increase the money supply, creditors would gain at the expense of debtors. a. True b. False 3. Members of the Board of Governors are appointed by the President of the U.S. and confirmed by the U.S. Senate. a. True b. False 4. The evidence from hyperinflations indicates that money growth and inflation: a. are positively related, which is consist...