The Fed's two main monetary policy targets are
A) the money supply and the inflation rate.
B) the money supply and the interest rate.
C) the interest rate and real GDP.
D) the inflation rate and real GDP.
Answer: B
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The fact that people sometimes regret having made a decision with perfectly predictable consequences:
A. cannot be explained by traditional economic models. B. suggests that people like to be unhappy. C. is a core assumption upon which traditional economic models are built. D. is a natural prediction of many traditional economic models.
The Dow Jones Industrial Average:
A. gives greater weight to shares with higher prices. B. gives equal weight to a change in the price of the stock of any company in the index. C. is a value-weighted index. D. reflects that a 10% increase in a share of stock selling for $30 will have the same effect on the index as a 10% increase in the price of a stock selling for $60.
All of the following are barriers to entry except
A. network effects. B. externalities. C. economies of scale. D. control of scarce resources.
The law of demand states the basic price/quantity relationship of consumption incentives. What does the concept of "price elasticity" add to that knowledge?
What will be an ideal response?