The Fed was committed to keeping interest rates low to assist Treasury financing of budget deficits
A) only during World War I.
B) during the Great Depression.
C) during World War I and World War II.
D) throughout the entire existence of the Fed.
C
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In modern microeconomic theory, utility functions summarize:
A. cardinal information about preferences. B. ordinal information about preferences. C. absolute information about preferences. D. both cardinal and ordinal information about preferences.
Which of the following represents why private production tends to be more efficient then government production?
What will be an ideal response?
Normative analysis offers decision makers the most valuable information when choosing among alternatives
Indicate whether the statement is true or false
Refer to the table above. If the rental price of machines is $40 per day, up to how many machines should the firm rent to maximize profits?
A) 2 B) 4 C) 6 D) 7