The Fed's dual mandate is to pursue the goals of
A) high employment and price stability.
B) interest rate stability and financial market stability.
C) rapid economic growth and low inflation.
D) interest rate stability and a balanced budget.
A
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If oil prices increase, then in the short run, real GDP will ________ and the price level will ________
A) increase; rise B) increase; fall C) decrease; rise D) decrease; fall E) not change; rise
Refer to Table 2-4. Assume Dina's Diner only produces sliders and hot wings. A combination of 60 sliders and 50 hot wings would appear
A) along Dina's production possibilities frontier. B) inside Dina's production possibilities frontier. C) outside Dina's production possibilities frontier. D) at the vertical intercept of Dina's production possibilities frontier.
For a tax to be successful, the tax base must be ¬¬¬_____
a. easy to measure and monitor b. large c. inelastic d. able to expand in times of crisis
The study of an individual's choice about what type of computer to buy is a subject of
A) macroeconomics. B) microeconomics. C) an aggregate concept. D) not a concern for economic analysis.