The goals of monetary policy tend to be interrelated. For example, when the Fed pursues the goal of ________, this helps to achieve the goal of ________
A) high employment; price stability
B) interest rate stability; financial market stability
C) rapid economic growth; low inflation
D) interest rate stability; a balanced budget
B
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As the quantity of labor employed by a firm decreases, labor's ________ increases
A) marginal cost B) value of marginal product C) marginal revenue D) average cost
As of 2011, government debt as a percentage of GDP was ________ in the United States, compared to 29 other major economies
A) higher than average B) extremely low C) highest D) lower than average
As the real wage decreases, the quantity of labor demanded ________ and the quantity of labor supplied ________.
A. increases; increases B. decreases; decreases C. increases; decreases D. decreases; increases
As compared to a pollution tax, a command-and-control policy will increase production costs by a ________ amount and increase equilibrium price by a ________ amount.
A. larger; larger B. larger; smaller C. smaller; larger D. smaller; smaller