When money demand shifts, the Fed must choose between targeting the money supply and targeting the interest rate; it cannot target both
a. True
b. False
Indicate whether the statement is true or false
True
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Rika's opportunity cost of producing 100 t-shirts is 50 jackets. Jeff's opportunity cost of producing 75 t-shirts is 25 jackets. Who should specialize in jackets?
A) Rika B) Jeff C) neither D) both E) More information is needed about their production possibilities frontiers to determine who should specialize in jackets.
If the inverse demand curve a monopoly faces is p = 100 - 2Q, and MC is constant at 16, then maximum profit
A) equals $336. B) equals $882. C) equals $1,218. D) cannot be determined solely from the information provided.
The data below relate to a pure monopolist and the product it produces. What is the profit-maximizing output and price for this monopolist?PriceQuantityTotal Cost$220$20201241822716333144401254910659
A. P = $14; Q = 4 B. P = $18; Q = 2 C. P = $12; Q = 5 D. P = $16; Q = 3
Discuss the problem of population in developing nations using the rule of 70.
What will be an ideal response?