In an English auction, the ________ bidder wins the auction and pays ________.
A) second-highest; the amount of the second-highest bidder
B) highest; the amount of the bid
C) second-highest; the amount of the bid
D) highest; the amount of the second-highest bidder
B) highest; the amount of the bid
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A rising inflation rate tends to injure the following types of people:
A) retirees and students with savings accounts. B) borrowers and homeowners. C) homeowners with mortgages and students with student loans. D) landowners and borrowers.
Which of the following statements about inflation targeting is true?
a. Inflation targeting allows the central bank to achieve multiple goals like low unemployment and economic growth. b. Inflation targeting has not been adopted by the Fed. c. A central bank that adopts inflation targeting is intrinsically dependent on fiscal policy. d. Inflation targeting decreases the perceived uncertainty derived from the central bank's course of action. e. Inflation targeting increases the uncertainty associated with the central bank's course of action.
The production possibilities curve represents the fact that:
A) the economy will automatically end up at full employment. B) an economy's productive capacity increases proportionally with its population. C) if all resources of an economy are being used efficiently, more of one good can be produced only if less of another good is produced. D) economic production possibilities have no limit.
In what ways do the regional Federal Reserve Banks influence monetary policy?
What will be an ideal response?