The Humphrey-Hawkins Act of 1978 demanded that the Federal Reserve try to have an unemployment rate of 0 percent
Indicate whether the statement is true or false
F
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In what two ways can education contribute to economic growth?
What will be an ideal response?
Which of the following best describes the "wealth effect"?
A) When the price level falls, the real value of household wealth falls. B) When the price level falls, the real value of household wealth rises. C) When the price level falls, the nominal value of household wealth rises. D) When the price level falls, the nominal value of household wealth falls.
What has been the main argument over recent efforts to replace the personal income tax with a value-added tax?
What will be an ideal response?
The key characteristics of a monopolistically competitive industry? are:
?[A] A large number of firms that sell differentiated products that are close substitutes. ?[B] Firms can easily enter or exit a monopolistically competitive industry. ?[C] Because monopolistically competitive firms can increase their profits if they can successfully distinguish their products from those of their? rivals, they have an incentive to engage in sales promotions and advertising.