Question 23 Which of the following statements is not true about monetary or scal policy: 0 Monetary policy is carried out by The Fed and meant to be politically neutral. 0 Monetary policy has a short impact lag. 0 Fiscal policy can be more direct in terms of impact. 0 Fiscal policy has a long implementation lag. Question 24 Which of the following describes the "crowding out" effect of the government borrowing to increase spending? 0 Decrease in private investment as a result of increased interest rates. 0 Decrease in private investment as a result of decreased interest rates. 0 Increase in private consumption as a result of decreased interest rates. 0 Decrease in savings as a result of an increase in interest rates. Question 25 The unconventional monetary policy tool that involves consistent central bank communication about its future plans for monetary policy is called: 0 open market operations. 0 forward guidance. 0 operation twist. O quantitative easing. Question 27 2 pts Take a look at the table below which shows the weal'i of various groups over H1e life cycle.\" What does the data tell us about wealth accumulation over time and the distribution of wealth across races? Hispanic Under 35 25.4 0.6 11 .2 13.5 35-54 185.0 40.1 46.1 154.5 'Note: Due to the sample size, this survey, the Over 55 315.0 53.3 111.5 213.2 Source: Federal Reserve Board, 2019 Survey of Consumer Finances Notes: Table displays median wealth by age group and by race and ethnicity in thousands of 2019 dollars. Other category represents families identifying as Asian, American Indian, Alaska Native, Native Hawaiian, Pacic Islander, other race, and anyone responding with more than one race. 0 Wealth increases with age [or all families, but substantial wealth gaps between White and non-White families continue throughout the life-cycle. O Wealth rises with age [or some families. but substantial wealth gaps between White and non-White families continue throughout the life-cycle. O Wealth decreases with age lor all families, but substantial wealth gaps between White and noneWhite families continue throughout the lileecycle. O Wealth increases with age [or all families, but substantial wealth gaps between White and non-White families are eliminated throughout the lite-cycle. Take a look at the graph below from Lisa Cook's research on Patent Racism. Figure 2: Conflict and Black Inventive Activity, 1870-1940 IVI Patents per million, Blacks Lynchings per million/Riots, Blacks O O 1860 1880 1900 1920 1940 Application year Black Lynchings Riots Black patents Source: Cook (2004), EPO, Tolnay and Beck (1995), Tuskegee (2004), USPTO Note: Patent data in Figure 1 are presented by grant year and in Figure 2 by application year. What does this graph demonstrate about the relationship between riots and the patents per million over this time period? O As riots increased, black patents increased. O As riots increased, black patents decreased. O We cannot determine a relationship with this data. O As the number of riots decreased, so did the patents awarded to Black inventors.Question 29 2 pts At the end of our course, we discussed possible strategies that could help reduce the wealth gaps that exist today. Creating a program that pairs high school students from low-income schools with internships is an example of: O redistribution of income. O a change in tax policy. O an attempt to develop a path of opportunity. O a transfer payment. Question 30 2 pts The farther away a Lorenz curve for income is from the line of equality, the: O more equally wealth is distributed and the larger the Gini coefficient. O more equally income is distributed and the larger the Gini coefficient. O less equally income is distributed larger the Gini coefficient. O more equally income is distributed and the farther the Gini coefficient is from zero