Unlike a money supply target, an inflation rate target
a. will always stabilize income better.
b. will stabilize income better if velocity is unstable.
c. still allows the Fed unlimited discretion.
d. eliminates the need for a central bank.
B
Economics
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The effectiveness with which markets bring buyers and sellers together is called
A) pricing efficiency. B) operating efficiency. C) the theory of efficient markets. D) bid-asked spread efficiency.
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Maximizing profit means finding the maximum difference between:
a. TR and TC. b. MR and MC. c. price and ATC. d. price and AR. e. ATC and MC.
Economics