Which of the following is a reason that the Fed does not traditionally attempt to limit asset price bubbles?
a. The Fed's actions could do more harm than good.
b. It is nearly impossible to determine if a bubble exists before it bursts.
c. The Fed's policies cannot be targeted at only one sector of the economy.
d. all of the above
d
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The average number of years of schooling of workers in Argonia has increased. Which of the following is likely to be true if all other variables remain unchanged?
A) The unemployment rate in Argonia is likely to increase. B) The income per worker in Argonia is likely to decrease. C) The efficiency units of labor in Argonia is likely to increase. D) The aggregate price level in Argonia is likely to decrease.
A company needs to know the price of each resource it employs if it wants to determine whether or not it is achieving
A) technological efficiency. B) economic efficiency. C) accounting efficiency. D) managerial efficiency.
The above table gives some cost data for Peter's Pickles. Peter's fixed cost is $20. His total cost of producing 6 barrels of pickles is
A) $160. B) $180. C) $450. D) There is not enough information to answer the question.
On which of the following assets are you most likely to earn interest income?
A. Cash and currency B. Checkable deposits C. Money market deposit accounts D. Gold and other precious metals E. All of these responses are correct.