Which of the following statements is (are) correct? Over the past 20 years, the Federal Reserve
a. has only targeted monetary aggregates.
b. has varied between an emphasis on interest rate control and targeting of monetary aggregates.
c. has only emphasized control of the interest rate.
d. None of the above
B
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John is trying to decide how to divide his time between his job as a stocker in the local grocery store, which pays $7 per hour for as many hours as he chooses to work, and cleaning windows for the businesses downtown. He makes $2 for every window he cleans. John is indifferent between the two tasks, and the number of windows he can clean depends on how many hours he spends cleaning in a day, as shown in the table below:Hours PerDay CleaningWindowsTotal Numberof WindowsCleaned0017211314416517How many hours a day should John spend cleaning windows?
A. 1 B. 2 C. 3 D. 4
If the market price is below the equilibrium price, forces will come into play to
a. move the price lower. b. move it to the equilibrium price. c. move it above the equilibrium price. d. increase the supply.
Single-owner proprietorships often unintentionally exaggerate their profits because they
A) forget their explicit losses. B) look at after-tax instead of pre-tax costs. C) pay their bills late and therefore incur large interest charges. D) neglect to consider the opportunity cost of the owner's labor.
Which of the following is a component of the Bipartisan Campaign Reform Act?
a. Requiring the disclosure of campaign contributor names b. Making federal funds available to presidential candidates c. Limiting the number of campaign ads that can be run on television d. Removing the ban on union contributions to political parties