Although the Fed professed employment of ________ targeting during the 1970s, its behavior suggests that it emphasized ________ targeting
A) free-reserve; interest-rate
B) interest-rate; monetary aggregate
C) monetary aggregate; interest-rate
D) free reserve; monetary aggregate
C
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Suppose the problem is the stereo noise in the dorm. On the graph on the next page the amplifier dial numbers are located on the horizontal axis. The vertical axis measures the marginal costs and benefits of various levels of music (noise). Also measured on the vertical axis is the marginal cost of insulating the walls to prevent the externalities from penetrating the wall. 
If negotiation costs are zero and she has the property rights to the airwaves, how loud will the music be played?
A. 3 B. 0 C. 4 D. 6
Which of the following are reasons that caused the Fed to abandon its practice of setting money supply targets?
I. expiration of the legislation requiring the Fed to do so II. banking deregulation in the 1980s allowing for MMDAs III. financial development of retail sweep programs A) IandIIonly B) II and III only C) I and III only D) I, II, and III
Which of the following is a reason why government debt is different from individual debt?
A. Government debt must be repaid at some point in time. B. Government can create money to finance its debt. C. Government debt can be owed to foreigners, unlike the debt of individuals. D. Government has fewer sources of income to finance its debt than individuals.
A decrease in income causes demand for a normal good to ________, and an increase in income causes demand for an inferior good to ________.
Fill in the blank(s) with the appropriate word(s).