Which of the books used at the FOMC meetings is/are treated as secret documents and not released to the public until after a number of years have passed?
A. The Bluebook and the Greenbook
B. The Bluebook and the Beigebook
C. The Tealbook
D. The Beigebook and the Greenbook
Answer: C
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The rate-of-return regulated public utility has strong incentive to control cost
Indicate whether the statement is true or false
The expansion phase of the business cycle is typically associated with higher ________ and lower ________.
A. employment; income B. real GDP; unemployment C. income; real GDP D. unemployment; output
How does aggregate demand (AD) curve differ from an individual demand curve (D)?
A. D represents the price-quantity relationship for a single good or service while AD looks at the entire economic system. B. AD is generally vertical while D is usually downward sloping. C. AD is generally a downward sloping curve while D usually slopes upward. D. Look for D in macroeconomic analyses and for AD in microeconomics.
Your roommate has the right to play her harmonica during the day. But you find the best time to study is during the day, and the harmonica playing makes it hard for you to concentrate. You tell your roommate that you will do her laundry every week if she does not play the harmonica during the day and she agrees to this. This is an example of
A. an injunction. B. liability rules. C. the Coase theorem. D. the drop-in-the-bucket problem.