Revisions in the interest rate target
a. occur on a daily basis
b. have widespread impacts on the financial markets
c. require Congressional approval
d. are based solely on data gathered in previous quarters
e. are a no-lose opportunity for the Fed
B
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Compared to the perfectly competitive firm, the monopolist's input demand curve is
A) more elastic. B) more inelastic. C) due to a constant per-unit price of the product. D) marginal factor cost.
How does investment as a share of GDP in countries with more economic freedom compare with economies that are less free? How does the productivity of investment in the freer economies compare with its productivity in the less free economies? How will this influence differences in growth rates and income levels? Explain
When measuring GDP for a particular year, economists exclude the value of used furniture bought and sold because
What will be an ideal response?
If total utility has reached a maximum level, and assuming that diminishing marginal utility already applies, then what will happen as the consumer consumes additional units of the product?
A. Marginal utility of the additional units will be greater than zero B. Total utility will turn negative C. Marginal utility of the additional units will turn negative D. Total utility will increase at a diminishing rate