The monetary policy decisions made by the Federal Reserve must be approved by the Congress before they are enacted
a. True
b. False
Indicate whether the statement is true or false
False
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Because of the productivity slowdown in the United States from the mid-1970s through the mid-1990s,
A) the standard of living increased in the United States. B) real GDP per capita grew more rapidly. C) real GDP per capita grew more slowly. D) the standard of living did not change.
In a world with money and bonds only
A) it is not risky to hold money. B) it is risky to hold money. C) risk is an important factor in the demand for money. D) there is no relationship between risk and holding money. E) assets become meaningless.
Delegates from different countries of the world met at Geneva in April 1947 which resulted in the formation of the first global trade agreement. Its main objective was:
a. to create multiple trade barriers in the member countries. b. to enable the member countries to maintain their autarkic conditions. c. to provide security to the domestic producers of the member countries by prohibiting international trade. d. to create an atmosphere of economic rivalry in the international sphere. e. to liberalize trade for mutual prosperity of the members.
Can a firm's average variable costs be falling if they are less than the firm's marginal costs? Explain