Permanent members of the Federal Open Market Committee include
a. all members of the Board of Governors.
b. the president of the New York Federal Reserve Bank.
c. the secretary of the U.S. Treasury.
d. both the president of the New York Federal Reserve Bank and all members of the Board of Governors.
d. both the president of the New York Federal Reserve Bank and all members of the Board of Governors.
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Points lying below a production possibilities curve are:
A) inefficient because more can be produced with the available resources. B) inefficient because they represent the production of only one good. C) efficient because combinations represented by those points are attainable. D) efficient because production is maximum on those points with the available resources.
Acme is a perfectly competitive firm. It has the cost schedules given in the above table and has a fixed cost of $12.00. The price of Acme's product is $4.00
What is Acme's most profitable amount of output? What is Acme's total economic profit or loss?
Why is the personal income tax considered to be one of the main features of our modern economy that helps ensure against a repeat performance of the Great Depression?
Evidence suggests that in the last several decades, technology has played a role in driving inequality. Thus, greater access to education may be key to ________ in the future.
A. reducing equality B. reducing inequality C. eliminating equality D. increasing inequality