The two key objectives of the Fed are:
A) low and predictable levels of inflation, and interest rates above 10%.
B) zero inflation, and zero unemployment.
C) low and predictable levels of inflation, and maximum levels of employment.
D) low and predictable levels of inflation, and zero unemployment.
C
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The total value of inputs used in the production of 100,000 units of a good manufactured in a country is $150,000. Assume that the country produces only this good and each unit of the good sells for $10
What is the gross domestic product of the country? A) $1,000,000 B) $250,000 C) $150,000 D) $1,150,000
When the exchange rate between the U.S. dollar and the euro changes from 1.00 euro per dollar to 1.30 euros per dollar, then the
A) euro has depreciated against the euro. B) U.S. dollar has depreciated against the euro. C) U.S. dollar has depreciated against the dollar. D) euro has appreciated against the dollar. E) U.S. dollar has appreciated against the euro.
As an agent of economic development, in what areas do NGOs have a comparative advantage, compared to governments or markets?
What will be an ideal response?
The above figure shows the market for a given product. Defining welfare as consumer surplus plus producer surplus, calculate the social welfare associated with perfect competition, single-price monopoly, and a perfect-price-discriminating monopoly
Which market structure(s) maximize social welfare?