According to a 1977 amendment to the Federal Reserve Act of 1913, what weights should the Fed put on the goals of maximum employment, stable prices, and moderate long-term interest rates?
While the amendment indicates the goals the Fed should promote, the amendment does not suggest which of those goals should take priority.
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Which of the following are NOT examples of "convergence"?
A) Japan and Europe B) individual states within the United States C) regions within western Europe D) major nations in Latin America and Western Europe
The federal law prohibiting the sale of organs has resulted in: a. a shortage of organs for transplant
b. exorbitant prices for organs available for transplant. c. more lives saved as a result of transplants. d. a surplus of organs for transplant. e. both a. and b.
Exhibit 8-8 Consumption function
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In Exhibit 8-8, which of the following could cause the movement from C1 to C2?
A. a decrease in real asset holdings B. lower interest rates C. expectations that the economy will grow D. expectations of lower future prices
Which of the following might be considered a positive externality?
A. better fishing resulting from increased lake temperatures generated by the nearby power plant B. the pollination of an orange grove due to bees kept by a nearby beekeeper C. individuals who did not get the flu, yet did not receive a flu shot when those around them did receive the shot D. All of these are correct.