According to a 1977 amendment to the Federal Reserve Act of 1913, what are the goals the Fed should promote?
The amendment indicates the Fed should promote the goals of "maximum employment, stable prices, and moderate long-term interest rates.".
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From 2007 to 2009 our current account deficit
A. has been cut in half. B. stayed about the same. C. almost doubled. D. more than tripled.
A firm is producing a joint product, Product A and Product B, with variable proportions. At its current production levels, the marginal benefit of producing Product A is $3 and the marginal cost is $2 and the marginal benefit of producing Product B is $4 and the marginal cost is $5. To maximize profits, the managers of the firm should produce ________ of Product A and ________ of Product B.
A) more; less B) more; more C) less; more D) less; less
The above figures show the market for HD televisions. If cable television providers lower the price of providing HD cable service, which figure shows the effect of this change?
A) Figure A B) Figure B C) Figure C D) Figure D E) None of the figures represent this change.
Holding everything else constant, a decrease in the price of bicycles will result in
A) a decrease in the quantity of bicycles demanded. B) an increase in the demand for bicycles. C) a decrease in the supply of bicycles. D) an increase in the quantity of bicycles demanded.