Over the Fed's history, it has targeted
a. bank reserves.
b. the Federal funds rate.
c. monetary aggregates.
d. inflation.
e. all but d.
E
Economics
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Consider two individuals, Nigel and Mia, who produce hair pins and bandanas. Nigel's and Mia's hourly productivity are shown in Table 3.3. Nigel's opportunity cost of producing one bandana is
A) 1/4 of a hair pin. B) 2/5 of a hair pin. C) 2.5 hair pins. D) 4 hair pins.
Economics
Suppose the price of skateboards were to fall. Other things constant, what is the least likely to occur?
A) More skateboards will be purchased. B) The demand for skateboards will increase. C) More helmets will be purchased. D) The demand for helmets will increase.
Economics