When economists and policymakers refer to the Fed's dual mandate, they are referring to:
A) price and exchange rate stability.
B) price stability and maximum employment.
C) moderate long-term interest rates and maximum employment.
D) price stability and moderate long-term interest rates.
B
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The world is more likely to run out of gold than it is to run out of bald eagles
Indicate whether the statement is true or false
When people decide whether or not to get a flu vaccination, they ignore the ________ and as a result ________
A) marginal private benefit; too few vaccinations are given B) external benefit; too few vaccinations are given C) private cost; too many vaccinations are given D) marginal external cost; vouchers must be provided E) social cost; too many vaccinations are given
The two sources that contribute roughly 80 percent together of total tax revenues are:
A. personal income tax and payroll tax. B. personal income tax and corporate income tax. C. corporate income tax and payroll tax. D. personal income tax and excise tax.
On which of the following types of unemployment do macroeconomic tools have the greatest effect?
a. Frictional unemployment b. Seasonal unemployment. c. Structural unemployment. d. Cyclical unemployment. e. All the above.