Monetary policy

a. must be described in terms of interest-rate targets.
b. must be described in terms of money-supply targets.
c. can be described either in terms of the money supply or in terms of the interest rate.
d. cannot be accurately described in terms of the interest rate or in terms of the money supply.


c

Economics

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In order to be successful as an innovator, a firm may require:

a. constant investment in mergers and acquisitions. b. frequent expansion of its scale of operation. c. to invest the majority of its annual profit in market research. d. research facilities and a culture that respects scientists and engineers.

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Suppose a taxpayer has an income of $50,000 and a taxable income of $45,000, and pays $5,000 in taxes. If the taxpayer talks of being taxed at a 10 percent tax rate, she is referring to the

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Economics