Which of the following is the latest short run operating target specified to the New York Fed by the FOMC directives?
a. The federal funds rate
b. The primary lending rate
c. Quantitative easing
d. Legal reserves
e. The bank rate
a
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When compared to a sole proprietorship, a disadvantage of the partnership form of business organization is that there
a. is reduced access to capital resources b. is limited liability c. is shared liability with each partner for all the firm's debts d. can only be two partners e. are fewer opportunities to expand output
Which of the following is the best indication that the government is pursuing restrictive fiscal policy?
A. The cyclical deficit increases. B. The total deficit increases. C. The structural deficit increases. D. The structural deficit decreases.
Distinguish macroeconomics and microeconomics.
What will be an ideal response?
A firm that has negative economic profits has accounting profits that are
A. zero. B. positive. C. negative. D. indeterminate without more information.