The FOMC no longer sets targets for M1 and M2 to meet its goals of price stability and high employment
Indicate whether the statement is true or false
TRUE
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Since the specification of a poverty standard is an imprecise endeavor, it is a useless exercise
Indicate whether the statement is true or false
On a graph of production costs, the vertical distance between the fixed cost curve and the total cost curve at a specific quantity represents
a. variable cost b. average variable cost c. average total cost d. average fixed cost e. marginal cost
With the benefits of international trade:
a. there can be increased consumption for all. b. global production will be increased. c. world resources will be used more efficiently. d. all of these are true.
An example of direct stock ownership is when a person
a. pays into a pension fund that buys stocks b. puts money into an insurance company that buys stocks c. invests money in a mutual fund that buys stocks d. asks a stockbroker to buy stocks for him or her e. puts funds into a trust fund that buys stocks