The inability of the Federal Reserve to explain movements in M1 demand has led to
A) less emphasis on money growth as a policy tool.
B) the Federal Reserve's targeting V1 growth more closely.
C) the Federal Reserve's switching to M2 and M3 targets.
D) All of the above.
C
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Joe's income is $500, the price of food (F, y-axis) is $2 per unit, and the price of shelter (S, x-axis) is $100. Which of the following represents his marginal rate of transformation of food for shelter?
A) -5 B) -50 C) -.02 D) None of the above.
Consider a situation in which the government has limited information about costs and benefits of pollution abatement associated with a given industry
However, it is known that the marginal social cost curve for emissions is much steeper than the marginal cost of abatement curve (in absolute terms). In this situation, which method of emissions control is preferable when the greatest concern is with accuracy of control rather than the cost of control? That is, should a fee be used or should a standard be used? Explain.
A country's standard of living can be calculated by dividing the goods and services its people have by
A. social services. B. population. C. output. D. total production.
If the Mexican peso appreciates against the U.S. dollar
A. U.S. exports will become more expensive in Mexico. B. Mexican exports will become cheaper in the United States. C. Mexican exports will become more expensive in the United States. D. there will be no change in the price of Mexican imports in the United States.