From the early 1980s through 2000, the Federal Reserve's primary focus was on

A. controlled inflation and stable growth.
B. ensuring rapid growth.
C. stable employment through monetary expansion.
D. keeping gold prices stable.


Answer: A

Economics

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Theory seeks to

a. simplify a complex reality b. confront reality in all its complexity by focusing on the unique aspects of each phenomenon c. explain phenomena without predicting them d. predict phenomena without explaining them e. distort reality in order to improve forecasting ability

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A decrease in the U.S. price level, other things constant, will _____

Fill in the blank(s) with the appropriate word(s).

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Developed countries have lost comparative advantage in

A) high-tech industries. B) labor-intensive industries. C) capital-intensive industries. D) agricultural industries.

Economics