the federal open market committee
What will be an ideal response?
always includes the president of the federal reserve bank of New York as a member
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Marginal benefit is defined as
a. the net gain from a particular level of an activity. b. the additional benefit gained from the last unit of an activity. c. the difference between total benefits and total costs of a particular level of an activity. d. the difference between variable costs and fixed costs.
Answer the following statements true (T) or false (F)
1. A nation that imports more than it exports has a surplus balance of trade. 2. Whenever planned injections exceed planned leakages, total spending is less than total output. 3. Taxes are a leakage from the circular flow. 4. The GDP is the current market value of final goods and services produced by the nation’s economy over a period of time. 5. Constant-dollar GDP and real GDP are the same thing.
A student football team manager examined variables influencing the team's record and concluded that the best scores resulted when the "third-string" team played the most minutes. Therefore he recommended that the third-string team become the first team. Why is this conclusion probably
a. He failed to recognize that correlation is not causation. b. He did not review the entire game strategy carefully enough. c. He committed the fallacy of composition. d. He confused positive and normative analysis.
?
In Exhibit 3-11, in Panel B the movement from point A to point C describes a(n):
A. increase in both demand and supply, where the increase in supply is relatively bigger. B. decrease in both demand and supply, where the decrease in supply is relatively bigger. C. increase in demand and a decrease in supply, where the decrease in supply is relatively bigger. D. decrease in demand and increase in supply, where the increase in supply is relatively bigger.