In order to meet the dual mandate, the Fed must:
A. maintain price stability.
B. maintain full employment.
C. keep unemployment levels near the NAIRU.
D. All of these statements are true.
A. maintain price stability.
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Refer to the figure above. The increase in output due to the same one-unit increase in capital is greatest at point ________
A) A B) B C) C D) D
In contrast to the United States, the European Union has chosen
A. greater wage inequality for lower unemployment. B. less wage inequality and lower unemployment. C. greater wage inequality and higher unemployment. D. similar wage inequality but more unemployment. E. less wage inequality for higher unemployment.
If the supply curve is S and the demand curve shifts from D to D', what is the increase in producer surplus due to new producers entering the market?
a. $625
b. $2,500
c. $3,125
d. $5,625
The labor market demand curve
A) is the summation of the labor demand curve for each output market. B) is identical to the average firm labor demand curve. C) is the sum of the wages paid for each unit of labor of the individual firms labor demands. D) is always upward sloping for competitive labor markets.