The most important among the Federal Reserve district banks in conducting monetary policy is the:
A. Boston bank
B. Chicago bank
C. New York bank
D. San Francisco bank
C. New York bank
You might also like to view...
The cross-price elasticity of demand measures the
A) percentage change in the quantity demanded of one good in one location divided by the price of the same good in another location. B) absolute change in the quantity demanded of one good divided by the absolute change in the price of another good. C) percentage change in the quantity demanded of one good divided by the percentage change in the price of another good. D) percentage change in the price of one good divided by the percentage change in the quantity demanded of another good.
The firm should increase production as long as each additional unit of output adds more to total revenue than to total cost
Indicate whether the statement is true or false
According to the real business cycle theory, technological advances
A. decrease the marginal product of labor, which causes real wages and output to increase. B. increase the marginal product of labor, which causes real wages and output to increase. C. increase the marginal product of labor, which causes real wages to increase and output to decline. D. increase the marginal product of labor, which causes real wages and output to decline.
Suppose an economy is initially in long-run equilibrium and it then experiences a supply shock in the form of exceptionally high energy prices. Which of these will be true in this economy? a. The short-run aggregate supply curve will shift leftward, and the long-run supply curve will shift rightward. b. The short-run aggregate supply curve and the long-run supply curve will shift rightward
c. The short-run aggregate supply curve will not shift, and the long-run aggregate supply curve will shift rightward. d. The short-run aggregate supply curve will shift rightward, but the long-run aggregate supply curve will not shift. e. The short-run aggregate supply curve and the long-run supply curve will shift leftward.