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Question - Paul, James, Ryan, and Amy pay 80% of the support for their mother. Paul pays 40%, James and Ryan pay 15% each, and Amy pays 10%. Who is eligible to claim their mother as a dependent?
(A) Since no one person pays over 50% of the support, none of the children may claim her as a dependent.
(B) Since together they pay more than 50% of their mother's support, any one of them may claim their mother under a multiple support agreement.
(C) Since together they pay more than 50% of their mother's support, Paul, James, or Ryan may claim their mother under a multiple support agreement.
(D) Since together they pay more than 50% of their mother's support, they may share the dependency exemption based on the percentage each one pays.
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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