The monetary policy target the Federal Reserve focuses primarily on today is
A) the unemployment rate.
B) M1.
C) the inflation rate.
D) the interest rate.
E) M2.
Answer: D
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"Crowding out" refers to ...
Select one: a. reduced exports due to rising exchange rates. b. supply-side tax cuts reducing entitlement spending. c. reduced consumption due to increases in marginal tax rates. d. a reduction in the availability of private capital.
What is the main function of the financial system?
National income is equal to
A. the sum of all factor payments to resource owners. B. Gross Domestic Product (GDP) minus indirect business taxes. C. Gross Domestic Product (GDP) plus depreciation and indirect business taxes. D. Gross Domestic Product (GDP) minus NDP.
Table 24.1Monopoly Costs and RevenueQuantityPriceTotal Cost1$500$4002$450$6503$400$9504$350$1,3005$300$1,700In Table 24.1, marginal revenue at the profit-maximizing level of output is
A. $300.00 B. $550.00 C. $150.00 D. $250.00