In today's Fed, its primary strategy is to
a. target the federal funds rate in the short-run, target inflation in the long-run.
b. target inflation
c. target the money supply.
d. target the federal funds rate in the short-run, balance inflation and output goals in the long-run.
D
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The table above shows the distribution of income in Swacko. The government of Swacko imposes a 20 percent tax on the people with the highest 40 percent of income
The government then distributes 50 percent of the tax collected to the lowest 20 percent and 25 percent to the second 20 percent and the middle 20 percent. Suppose that the before-tax group incomes remain as above. Before and after the distribution, what percentage of national income belongs to the lowest 20 percent? A) 2 percent; 10 percent B) 20 percent; 20 percent C) 5 percent; 25 percent D) 2 percent; 2 percent
Distinguish between comparative advantage and absolute advantage
What will be an ideal response?
As a result of emancipation,
(a) black labor force participation increased by 1/3. (b) black labor force participation declined by 1/3. (c) amazingly, black labor force participation remained essentially unchanged. (d) average wages of black workers rose well above those of their immigrant counterparts.
A movement upward and to the left along a given demand curve is called a decrease in demand
a. True b. False Indicate whether the statement is true or false