Suppose that the Federal Reserve Open Market Committee adheres to the ideas expressed by ________
If the economy moves into a recession, the Fed would recommend that the federal funds target rate decrease as long as the inflation rate did not rise above the publicly announced goal for inflation.
A) the Taylor Rule B) the gold standard
C) the monetarist school of thought D) inflation targeting
D
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Propecia was developed to treat mild to moderate male pattern hair loss in men. Marco has hair loss and he is willing to pay any amount of money to be able to buy this drug each month. Marco's price elasticity of demand is ________
A) perfectly inelastic B) perfectly elastic C) elastic D) inelastic
The payroll tax appears to be a proportional tax. In reality it is
a. highly progressive. b. actually proportional. c. highly regressive. d. regressive on low-income persons and progressive on high-income persons.
Of the 39 million Americans living in poverty, _______________ are children.
A. one-quarter B. 10 percent C. less than half D. more than half
Since monopolists that practice price discrimination generally increase market output, compared to a monopoly that charges a single price, practicing price discrimination generally leads to a smaller deadweight loss
a. True b. False Indicate whether the statement is true or false