An effective Federal Reserve operating target is a target that is reliably linked to
A) inflation and unemployment rates.
B) other operating targets.
C) fiscal policy.
D) open market operations.
A
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Which of the following phrases does not describe an essential characteristic of a factory?
a. produces a standardized product to be sold in a wide market b. relies on stocks and bonds in order to finance plants and machinery c. assembles workers under a definite organizational discipline d. carries out complex operations in one building or in adjacent buildings
Exhibit 15-5 Balance sheet of Tucker National Bank Assets Liabilities Required reserves$ Checkable deposits$100,000 Excess reserves5,000 Loans 70,000 Total$100,000 Total$100,000 If all banks in the system shown in Exhibit 15-5 were identical to Tucker National Bank, the money multiplier for the system would be:
A. 4. B. 5. C. 10. D. 25.
Entrepreneurs in purely competitive industries:
A. have no incentive to innovate because in the long run they will earn no economic profits. B. innovate to lower operating costs and generate short-run economic profits. C. utilize pricing strategies to generate short-run economic profits. D. rarely try to innovate because of a lack of financial resources.
The AD, SRAS, and LRAS curves each show a relationship between which two economic variables?
A. The aggregate price level and output B. The aggregate price level and the interest rate C. Output and the interest rate D. Output and unemployment