Many central banks, by law, focus only on inflation, but one of the laws governing the Federal Reserve mandates that the Federal Reserve focus on maintaining
a. high inflation and full employment.
b. low inflation and high employment.
c. high inflation and high employment.
d. low inflation and full employment.
d. low inflation and full employment.
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How does microeconomics relate to macroeconomics?
What will be an ideal response?
Refer to the following computer output from estimating the parameters of the nonlinear modelY = aRbScTdThe computer output from the regression analysis is: 
Based on the info above, if S increases by 8% (all other things constant), Y will
A. decrease by 4.4%. B. increase by 0.44%. C. decrease by 3.52%. D. decrease by 0.44%.
The emphasis on the importance of advances and dissemination of knowledge is a cornerstone of the
A. Logistics development theory. B. Neo-Keynesian school. C. Malthusian school. D. New growth theory.
Exhibit 2-3 Production possibilities curve data A B C D E Capital goods 0 1 2 3 4 Consumer goods20 18 14 8 0 According to the data given in Exhibit 2-3, the production of 1 unit of capital goods and 20 units of consumer goods:
A. is possible but would be inefficient. B. may be a result of unemployment. C. may be a result of unused natural resources. D. is not feasible with current resources and technology.