When the Federal Open Market Committee meets it
a. looks only at the state of economy to determine how to conduct monetary operations in order to follow the monetary policy rule set by law.
b. looks at the state of the economy and economic forecasts to determine how to conduct monetary operations in order to follow the monetary policy rule set by law.
c. looks only at the state of the economy to determine the target it will set for the federal funds rate.
d. looks at the state of the economy and economic forecasts to determine the target it will set for the federal funds rate.
d
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Fixed investment is
A) when a firm adds to its inventories of goods. B) when a firm accumulates profits. C) dissavings. D) an expenditure by firms on new machines that are expected to produce income in the future.
In a tit for tat strategy players
a. Focus on maximizing your own profit b. Focus on minimizing the rivals profits c. Make their strategy difficult for competitors to understand d. All of the above
Average propensity to consume (APC) equals
A. change in real disposable income divided by change in planned consumption. B. change in planned consumption divided by change in real disposable income. C. real disposable income divided by planned consumption. D. planned consumption divided by real disposable income.
Jenna runs a small boutique in Capitola. She tells one of her suppliers that she is willing to pay $6 for a pair of wool hand warmers and not a dime more. On the basis of this information, what can you conclude about her price elasticity of demand for
wool hand warmers? A) It is elastic. B) It is perfectly elastic. C) It is perfectly inelastic. D) The price elasticity coefficient is 0.