Which of the following is a responsibility of the Federal Open Market Committee (FOMC)?
a. Levying direct and indirect taxes
b. Buying and selling U.S. government bonds
c. Setting the discount rate
d. Setting the minimum reserve ratio
b
Economics
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If you were building a macroeconomic model that explores the effect of the aging population on the needed expenditure for Social Security and Medicare, the exogenous variable(s) would be the
A) aging population. B) needed expenditure on Social Security. C) needed expenditure on Medicare. D) needed expenditure on both Social Security and Medicare.
Economics
A public good:
A. can be profitably produced by private firms. B. is characterized by rivalry and excludability. C. produces no positive or negative externalities. D. is available to all and cannot be denied to anyone.
Economics