In controlling the nation's money supply, the Fed is obligated to seek the advice of
A) the Congress.
B) the President of the United States.
C) the Treasury.
D) a and b
E) none of the above
E
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What is the marginal revenue of producing the fourth unit?
a. 90 b. 40 c. 20 d. 180
By the legal definition of unemployment, a person who has quit his job to take care of his children full time is
A. unemployed. B. not in the labor force. C. in the labor force. D. employed.
Fixed investment is
A. capital purchase by businesses of newly produced durables. B. the change in stocks of finished goods. C. the change in the stocks of goods in process. D. purchases by consumers of newly produced consumer durables.
Automatic stabilizers are designed to
A. simplify the tax system. B. promote global trade. C. stabilize the bi-partisan budget process. D. moderate changes in disposable income.