If the Fed were to allow unemployment to remain at a higher level than NAIRU:
A. It would lead to deflation.
B. the dual mandate would be violated.
C. they would fail to maintain full employment.
D. All of these statements are true.
D. All of these statements are true.
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The supply of money is determined by the Federal Reserve and is dependent on the demand for money
Indicate whether the statement is true or false
Selling a newspaper at retail for ten cents when it cost twenty cents wholesale may be profitable if
A) people who come in to buy a newspaper often make other purchases also. B) the wholesaler is also losing money. C) there are no substitutes for newspapers available. D) there is about to be a newspaper strike.
Which of the following concepts should be LEAST associated with behavior economics?
A. Choices that are hard to reconcile with standard economic theory B. Rejection of highly-mathematical economic models C. The use of laboratory experiments D. Neuroeconomics
A major problem with a commodity money is that, to be useful, money must be
a. divisible. b. storable. c. portable. d. All of the above are correct.