Which of the following is least likely to enhance central bank credibility?
A) "town meetings" on the topic of monetary policy
B) policy makers' expertise
C) independence from short-run political influences
D) accurate measurement of macroeconomic variables
A
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The above figure illustrates a perfectly competitive wheat farmer
a. What will be the firm's profit-maximizing price and output? b. When the farmer produces 25,000 bushels of wheat, the difference between the firm's average total cost and the price is at its maximum. Explain why this amount of wheat either is or is not the profit-maximizing quantity.
If the bidders at a first-price auction have true values of $78, $72, $66, and $65, the item will sell for
a. Just above $78 b. just over $72 c. $78 d. $72
Refer to the above figure. The figure represents the consumption function for a consumer. The distance between C and D represents
A. the amount of saving. B. the point where saving equals zero. C. the amount of autonomous consumption. D. the amount of dissaving.
If e-books begin to be the most popular form of textbooks, it is
A. in the best interests of internet book sellers. B. likely to increase costs to students. C. likely to damage the physical used book market. D. the worst possible outcome for publishers and authors.