The key policy target in the Taylor rule is the:
A. money supply.
B. federal funds interest rate.
C. average tax rate.
D. full-employment budget.
B. federal funds interest rate.
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Judy is planning to sell an antique grandfather clock that she values at $200. If she sells the clock on Craigslist, it will be bought by someone who values it at $450. If she uses an antique dealer to sell the clock, it will be bought by someone who values it at $850. The antique dealer will charge Judy $100 to sell the clock, which just covers the antique dealer's opportunity cost of selling the clock. Relative to selling the clock on Craigslist, selling the clock through an antique dealer will lead:
A. to no change in total economic surplus. B. total economic surplus to increase by $400. C. total economic surplus to increase by $300. D. total economic surplus to decrease by $100.
(Consider This) The lines on a topographical map are analogous to a(n):
A. series of demand curves. B. series of supply curves. C. indifference map. D. series of budget constraints.
Cyclical unemployment is equal to zero when:
A. actual GDP and potential GDP are equal. B. frictional unemployment equals structural unemployment. C. there is no recessionary gap. D. there is no expansionary gap.
Recall the Application about federal quality standards in the market for kiwifruit to answer the following question(s).Recall the Application. The asymmetric information about kiwifruit was reduced by:
A. reducing the price of U.S. kiwifruit. B. advertising. C. a federal government marketing order. D. All of these