Decisions regarding purchases and sales of government securities by the Fed are made by the:
a. Federal Deposit Insurance Commission (FDIC).
b. Discount Committee (DC).
c. Federal Open Market Committee (FOMC).
d. Federal Funds Committee (FFC).
c
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In the short run, an unanticipated cut in the rate of inflation would
A) increase the unemployment rate. B) decrease the unemployment rate. C) unambiguously improve the misery index. D) lower the natural rate of unemployment.
Chickens are not endangered because
A) there are clear property rights to them. B) government regulates chicken processors. C) there are positive externalities. D) they are free and not owned by anyone.
Risk-averse workers
A. are willing to accept large wage decreases in exchange for a safer work environment. B. never work in risky environments. C. are willing to work in riskier environments for a relatively low increase in the wage. D. have shallow wage-risk indifference curves when risk is graphed on the x-axis. E. are more productive than risk-loving workers.
The noninstitutional population does not include those members of the population who are
What will be an ideal response?