Active fiscal policy is the main tool used by the Fed for economic stabilization
Indicate whether the statement is true or false
FALSE
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Sam is a musician who is out of work because electronic equipment replaced live musicians. This is an example of:
a. structural unemployment. b. involuntary unemployment. c. frictional unemployment. d. cyclical unemployment.
Open market operations are related to:
A. the Fed's buying and selling of government securities. B. actions taken by the Fed to close or merge weakened banks. C. changes in the reserve requirement. D. changes in the discount rate.
What is the difference between a hypothesis and a theory?
Perfect price discrimination describes a situation in which the monopolist
a. knows the exact willingness to pay of each of its customers. b. charges exactly two different prices to exactly two different groups of customers. c. maximizes consumer surplus. d. experiences a zero economic profit.