The Fed's tools are also known as
A. goals.
B. derivatives.
C. instruments.
D. intermediate targets.
Answer: C
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One result of the Uruguay Round was the formation of an organization known as the ________, which is responsible for setting trade rules and settling trade disputes between members
A) World Commercial Council (WCC) B) World Trade Organization (WTO) C) International Trade Organization (ITO) D) United World Trade Council (UWTC)
Refer to the above graph. It represents a monopolistically competitive firm in a constant-cost industry. The firm:
A. is earning an economic profit at Q0. B. will produce more than Q0. C. will produce less than Q0. D. is suffering an economic loss at Q0.
If a group has a positive elasticity of labor supply, then increases in wages will result in continued increases in the quantity of labor supplied.
Answer the following statement true (T) or false (F)
Which of the following will cause consumption, and as a result, aggregate demand, to shift to the right?
a. an optimistic business forecast of future income growth b. increased consumer wealth c. an increase in consumer confidence d. all of the above