One of the differences between microeconomics and macroeconomics is the use of fiscal policy. Fiscal policy is conducted by:
a. local banks.
b. a nation’s central bank.
c. a nation’s legislative body.
d. a state’s legislative body.
c. a nation’s legislative body.
Fiscal policy is conducted by a nation’s legislative body.
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If top government officials claim that more people are working now than ever before, then which of the following is true? a. The unemployment rate is lower now than ever before
b. The number of people unemployed is lower now than ever before. c. The employment rate is higher now than ever before. d. The number of people in the labor force is higher now than ever before. e. The number of people employed is higher now than ever before.
The interest rate that the Fed currently targets is the federal funds rate
a. True b. False Indicate whether the statement is true or false
When the Federal Reserve System was created, its geographic decentralization reflected people's desire for regional monetary independence
Indicate whether the statement is true or false
If the producers' surplus is $50, and the consumers' surplus is $40, then what is the minimum selling price of the good?
A) $10 B) $40 C) $50 D) $90 E) There is not enough information to answer the question.