the main policy making body of the federal reserve system is the
What will be an ideal response?
federal open market committee
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Under what conditions would a nation be able to currently produce more of both consumer and capital products?
________ of unemployment during ________ make it easier for workers to ________ wages
A) Low levels; an expansion; negotiate higher B) High levels; an expansion; accept lower C) High levels; a recession; negotiate higher D) Low levels; a recession; accept lower
If a firm's fixed cost (overhead) increases, what happens to its profit-maximizing price and output?
The principle of marginal productivity
a. is the same as the principle of marginal cost. b. helps explain the demand for each input. c. differs from industry to industry. d. allows the world's food to be grown in a flower pot.