When the Fed promised to hold the Fed funds rate close to zero until the end of 2014, it was:
A. carrying out what is known as credit easing.
B. following a precommitment policy.
C. following a policy that was recommended by Congress.
D. carrying out what's known as operation twist.
Answer: B
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"Every point on a demand curve represents a consumer equilibrium in the indifference curve model." Explain why the previous statement is correct or not
What will be an ideal response?
The _____________________ is the effect of a change in the price of an input on the firm's relative use of the input to produce a given level of output
Fill in the blank(s) with the appropriate word(s).
Refer to the figure below. If Cory chooses A, then Jess's best response is: 
A. to choose A. B. to choose the cell in which Jess's payoff is 10. C. to choose B. D. non-existent.
What do economists consider the “language” of the market system?
a. cash incentives b. market prices c. sales promotions d. credit cards