The president of which Federal Reserve bank is always a voting member of the Federal Open Market Committee?
A) Philadelphia
B) Boston
C) Chicago
D) New York
D
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An improvement in a firm's technology that reduces its production costs will result in a(n):
a. rightward shift of the supply curve. b. increase in supply. c. increase in quantity supplied at any given price. d. all of these are true.
The policy of comparable worth has been more successful in the public sector than in the private sector
a. True b. False Indicate whether the statement is true or false
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
A measure of monopoly power used by the government is the
A) percentage share of the relevant market or market share test. B) profit of the firm compared to other firms in the industry. C) price charged by the firm for goods and services. D) percentage difference between price and marginal cost.