As student reasons that "If I didn't go to class tonight, I would spend three hours at work where I earn $10 per hour. In addition, my annual parking permit costs the equivalent of $2 per day.". The opportunity cost to that student of attending that class this evening is:
a. $0
b. $2.
c. $30.
d. $32.
c
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Explain what type of unemployment changes with the business cycle and how it changes
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What are the categories of total expenditure?
What will be an ideal response?
Included among the Fed's primary goals to promote a well-functioning economy are
A) high employment, low inflation, and a high foreign-exchange value of the dollar. B) price stability, economic growth, and a high reserve ratio. C) low government budget deficits, interest rate stability, and no inflation. D) a low rate of unemployment, a low and stable inflation rate, and financial market stability.
The seven Fed governors, the president of the Federal Reserve Bank of New York, and four of the presidents of the other regional Federal Reserve Banks constitute the:
A. Federal Reserve System. B. Board of Governors. C. National Monetary Commission. D. Federal Open Market Committee.