If the Fed targets the interest rate, then:
a. the money supply will grow at a more controlled rate
b. monetary policy will reinforce fluctuations in economic activity.
c. the price level will be more stable in the long run.
d. money demand will be more stable.
e. velocity will be less stable.
b
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The Equal Pay Act of 1963 requires that men and women be given equal pay for equal work in the same establishment
Most people agree that gender discrimination in the workplace is unfair, but many economists have criticized advocates of comparable worth. Is paying the same wages for jobs that have comparable worth mandated by the Equal Pay Act? Why don't most economists support proposals to force employers to pay their male and female employees based on comparable worth rules?
Explain what is meant by the "double taxation of dividends"?
What will be an ideal response?
The products sold by monopolistically competitive firms
A) are differentiated. B) are homogeneous. C) can be either homogeneous or differentiated. D) are close substitutes of each other.
In 1990, U.S. nominal GDP was $5,744 billion and the GDP chain price index is 93.6 . Real GDP is:
a. $6,137 billion. b. $5,376 billion. c. $6,000 billion. d. $6,376 billion.