All other things being equal, a greater supply of scientists and engineers will increase the level of technology
a. True
b. False
Indicate whether the statement is true or false
True
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Under the European System of Central Banks, the National Central Banks have the same role as the ________ of the Federal Reserve System
A) Board of Governors B) Federal Open Market Committee C) Federal Reserve Banks D) Federal Advisory Council
Former Fed chair Alan Greenspan's use of ambiguous and vague language came to be known as:
A) Greenspeak B) Fedspeak C) Alanguage D) jibberish
An example of a microeconomic decision is a situation in which
A) the Federal Reserve considers how much to increase the money supply during the coming month in an effort to constrain the rate of inflation. B) Congress and the president seek to reach a compromise on how much to increase government spending in an effort to influence national expenditures. C) a firm evaluates how much to reduce the price of its product in an effort to influence sales and boost its profits. D) the U.S. Treasury contemplates buying foreign currencies in an effort to influence exchange rates with an aim to boosting demand for U.S. goods and services.
Gratin and Tambec sell retail goods and are the two largest sellers in their oligopolistic market. Which action indicates that the two firms are colluding?
a. Gratin tells its customers that it will match Tambec’s advertised prices. b. Gratin secretly coordinates its pricing strategy with Tambec. c. Tambec offers its customers better credit terms than those offered by Gratin. d. Tambec secretly tries to predict the pricing strategy of Gratin.