The mandate for the monetary policy goals that has been given to the Federal Reserve System is an example of a ________ mandate
A) primary
B) dual
C) secondary
D) hierarchical
B
You might also like to view...
Over the twentieth century, growth in per-capita GNP was highest
A) immediately prior to the Great Depression. B) during World War II. C) during the 1960s. D) during the 1980s.
If a dominant firm is charged with refusal to deal under antitrust law, it is being charged because
A) the firm will not set its price at the regulated rate. B) it is refusing to sell a key input to downstream rivals, thereby reducing or destroying competition. C) it is refusing to cooperate with antitrust authorities, such as the Department of Justice. D) it will sell its products only to people who agree to buy only from it and not from rival firms.
A consumer's weekly income is $300 and the consumer buys 5 bars of chocolate per week. When income increases to $330, the consumer buys 6 bars per week. The income elasticity of demand for chocolate by this consumer is about:
A. 0 B. 0.5 C. 1 D. 2
This graph illustrates the marginal costs and marginal benefits of acquiring information before making a major purchase.
If the original curves are MB0 and MC0, the optimal quantity of information about this product is:
A. I3. B. I2. C. I4. D. I1.