Which of the following is solely responsible for determining changes in the money supply in the United States?
A. the chairman of the Federal Reserve
B. the Comptroller of the Currency
C. the Federal Open Market Committee
D. the U.S. Treasury
Answer: C
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The vertical distance between a firm's average total cost curve, ATC, and its average variable cost curve, AVC
A) decreases as output increases. B) is equal to its marginal cost, MC. C) is equal to its total fixed cost, TFC. D) is equal to its average product.
Why does an external cost lead to inefficient overproduction?
What will be an ideal response?
Changes in the quality of a good
a. do not present a problem in the construction of the consumer price index. b. present a problem in the construction of the consumer price index, and that problem is sometimes referred to as substitution bias. c. are not accounted for, as a matter of policy, by the Bureau of Labor Statistics. d. can lead to either an increase or a decrease in the value of a dollar.
During the housing boom, the demand for mortgage-backed securities in the global market ______.
a. was very low b. was very high c. stemmed from high interest rates d. was eliminated by tariffs