The central function of the Fed is to help manage the macroeconomy by setting the interest rate.
Answer the following statement true (T) or false (F)
True
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The intended investment that producers make in 2003 coupled with the unintended changes in inventories that occur in 2003 are known as
a. total intended investment b. unwanted investment c. unwanted inventories d. production investment e. actual investment
Suppose that nondurable goods spending is $200 billion, durable goods spending is $400 billion, new residential housing spending is $500 billion, and spending on services is $700 billion. What does consumption equal?
A) $600 billion B) $1,100 billion C) $1,800 billion D) $1,300 billion E) There is not enough information to answer this question.
If the long-run Phillips curve shifts to the left, then for any given rate of money growth and inflation the economy has
a. higher unemployment and lower output. b. higher unemployment and higher output. c. lower unemployment and lower output. d. lower unemployment and higher output.
Which of the following would NOT be considered price discrimination?
A. charging business travelers more money than leisure travelers for plane tickets B. charging houses in expensive neighborhoods more money for mowing the same size lawn than in a less expensive neighborhood C. charging a lower price for dry cleaning men's shirts than women's shirts D. charging more money for a large luxury car than a small economy car