The Federal Reserve sets _____ policy, while the president and Congress set _____ policy. These two policies influence aggregate _____
Fill in the blank(s) with correct word
monetary, fiscal, demand
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Gunther rents Nintendo games and videos. The marginal utility from his last Nintendo game is 10 and that from his last video is 5. Nintendo games rent for $2 each. Gunther's demand curve for games is shown in the figure above
How many videos a week does Gunther rent? A) 1 B) 2 C) 3 D) 4
Dove policies advocate
a. less stability in output if greater price stability can be achieved. b. more stability in output if greater price stability can be achieved. c. more stability in output even at the cost of more price instability. d. stable prices at any cost. e. more stability in tax revenues even at the cost of more unemployment.
The utility function of a risk-averse person has a
a. positive slope and gets steeper as wealth increases. b. positive slope but gets flatter as wealth increases. c. negative slope but gets steeper as wealth increases. d. negative slope and gets flatter as wealth increases.
Production refers to
A. any activity that causes a material conversion of manufactured goods. B. any activity of a firm, whether a corporation, partnership, or sole proprietorship. C. any activity that results in the conversion of resources into goods or services that can be consumed. D. physically producing material goods only.