The Federal Reserve's performance in the mid-to-late 1980s, 1990s, and early 2000s has received high marks from economists, even without inflation targeting
Indicate whether the statement is true or false
TRUE
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In the short run, all costs are variable
a. True b. False Indicate whether the statement is true or false
The length of the short run
a. is different for different types of firms. b. can never exceed 3 years. c. can never exceed 1 year. d. is always less than 6 months.
Other things the same, as the price level falls, a country's exchange rate
a. and interest rates rise. b. and interest rates fall. c. falls and interest rates rise. d. rises and interest rates fall.
Eric Hanushek, from his research, concluded that
A. spending more on education is a waste of taxpayers' resources. B. the higher the class size, the higher spending per student will be. C. K-12 teachers should be paid high salaries. D. K-12 education should be completely subsidized.