__________ is the current Chairman of the Board of Governors of the Federal Reserve.
Fill in the blank(s) with the appropriate word(s).
Jerome Powell
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A change in the income of buyers will normally change demand.
Answer the following statement true (T) or false (F)
Refer to the accompanying figure. Growing 1,000 bushels of wheat and no bushels of corn each year is:
A. inefficient but attainable. B. efficient and attainable. C. inefficient and unattainable. D. efficient but unattainable.
Compared to monopoly, the market results with monopolistic competition are usually expected to be:
A. worse because consumers get fewer choices. B. worse because consumers pay a higher price. C. better because consumers pay a lower price. D. better because consumers get less output.
Government-led antitrust actions are far more common than private antitrust cases.
Answer the following statement true (T) or false (F)