Since mid-2000, the Fed's only operating target has been
A) M2 money supply growth.
B) the discount rate.
C) the consumer price index.
D) the federal funds rate.
D
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Gross domestic product (GDP) is
A) the value of all final goods and services produced in a country during a year. B) the sum of consumption expenditure, investment, government expenditure on goods and services, and net exports. C) the sum of compensation of employees, proprietors' income, net interest, rental income, corporate profits, depreciation, and indirect business taxes minus subsidies. D) all of the above.
In Pioneer Ville, the price elasticity of demand for bus rides is 0.5 . When the price of a bus ticket rises by 5 percent, _______
A. the demand for bus rides increases by 10 percent B. the quantity of bus rides demanded increases by 2.5 percent C. the demand for bus rides decreases by 2.5 percent D. the quantity of bus rides demanded decreases by 2.5 percent
The higher the world price above the domestic no-trade equilibrium, the lesser the quantity of a good exported by a country
a. True b. False Indicate whether the statement is true or false
When opportunity costs rise as more of a good is consumed, the production possibilities frontier will be concave (bowed out) with respect to the origin
a. True b. False