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1. The Federal Reserve has not formally adopted inflation targeting.
True
False
2. The inflation target, stated or implicit, is usually around 2%.
3. A central bank would lower interest rates to
A. Decrease inflation.
B. Raise unemployment.
C. Stimulate GDP growth
D. All of the above.
4. The Federal Reserve chairman credited with ending the Great Inflation is
A. Ben Bernanke.
B. Alan Greenspan.
C. Paul Volker.
D. None of the above.
What is the particular form of money (M1,M2, etc.) that would be the smallest measure that includes the type of money described in the article. (For example, if the article is about cash, write "M1."
A major state university in the South recently raised tuition by 12%. An economics professor at this university asked his students, "Due to the increase in tuition, how many of you will transfer to another university.
For all problems consider a market containing four identical firms, each of which makes an identical product. The inverse demand for this product is P = 100?Q, where P is price and Q is aggregate output. The production costs for firms 1, 2, and 3 are..
Why might federal spending on roads, waterways, or national security be less subject to direct expenditure offsets than spending on health care or education?
Which one of the following is true? Nike has a less elastic demand curve than shoes. Cigarettes have a more elastic demand than televisions. Salt has a less elastic demand than ice cream. The demand curve for gas is more elastic in the short-run than..
Briefly state basic characteristics of pure competition, pure monopoly, monopolistic competition and oligopoly. Under which of se market classifications does each of following most accurately fit.
increase because the total amount of human capital in the country will increase as the new owners learn how to farm.
PL is the price of unskilled labor in dollars (the wage rate = $6), PC is the price of capital as a percentage, I is family ncome also PS is the price of California oranges.
What, how and for who apply to the following the economic decision. Should the company makes its own spare parts or buy them from an outside vendor.
Compute the short- run and long- run results, explain the changes in the price and in the number of firms.
Discuss economic forces (supply factors, demand factors, government policy) that affect the health care market.
If Fly Right were to go out of business, it would be able to rent its plane to another airline for $30,000. Which airline has lower costs.
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