Monetary policy consists of
A. actions taken by both the legislative and executive branches of government to control the nation's money supply.
B. actions taken by Congress to control the nation's money supply.
C. actions taken by the Federal Reserve System to control the nation's money supply.
D. actions taken by the executive branch of government to control the nation's money supply.
C. actions taken by the Federal Reserve System to control the nation's money supply.
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According to cost-benefit analysis, where safety is concerned
A) it is possible to not be safe enough. B) it is possible to be too safe. C) it is possible to be just safe enough. D) All of the above are possible.
Marginal revenue is the addition to a firm’s revenue from
A. a $1 change in price. B. a one-unit change in output. C. the sale of inferior output. D. a $1 reduction in marginal cost.
Which of the following is true of inflation?
a. It is an increase in the general price level of goods and services. b. The purchasing power of money increases as the result of inflation. c. Inflation is similar to interest payments on future money income, such as pensions and receipts from outstanding loans. d. Inflation has no effect on real income.
Which of the following is assumed to be constant along a demand curve for pet dogs?
a. the quantity of dogs demanded each time period b. the price of dogs c. the price of cats d. the number of dogs people want to buy