Which of the following four firms would most likely be part of a perfectly competitive market?
A) Village Pizza sells NY style pizza and hard-to-find microbrews in a college town.
B) The WaveHouse is the only place in San Diego where you can ride an indoor 10 foot wave.
C) Mark sells the tomatoes he grew in his backyard at the local farmers market.
D) Amara Massage specializes in pre- and post-natal massage.
C
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The GDP deflator is the best measure that reflects the prices of goods and services purchased by the typical household
Indicate whether the statement is true or false
Which of the following is the Fed's best strategy for dealing with demand shocks?
a. Maintain a money supply target b. Decrease the money supply c. Maintain a passive monetary policy d. Neutralize the impact with an increase in the money supply e. Increase the interest rate