Monetary policy decisions are made by the
A) Federal Open Market Committee.
B) Federal Reserve Economic Committee.
C) Congress of the United States.
D) U.S. Mint.
E) Council of Economic Advisors.
A
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The state of Georgia offers free college tuition to high school students with a "B" average. In 2007, the state raised the requirement so that fewer students qualified for the scholarship
At the same time, Georgia increased state spending on health care. Suppose that college education is on the vertical axis and health care is on the horizontal axis of a PPF. These changes A) are example of a tradeoff. B) are an example of incentives. C) will cause a shift out of the PPF. D) will cause a shift in the of the PPF.
Tax revenues can be found by
A) multiplying the tax base by the (average) tax rate. B) dividing the tax base by the (average) tax rate. C) summing the tax base and the (average) tax rate. D) multiplying taxable income by the marginal tax rate.
In the past 100 years, the U.S. economy has primarily experienced
A. deflation. B. unemployment. C. inflation. D. depression.
According to the above table, what is Jill's marginal utility of the 4th unit?
A. 115 B. 220 C. 310 D. 90