A variable that the Federal Reserve focuses on because it has a direct link to the variables the Fed is ultimately concerned about is known as a(n)
a. median target.
b. short-term target.
c. immediate target.
d. intermediate target.
D
Economics
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Abby, Bobbi, and Deborah each buy ice cream and paperback novels to enjoy on hot summer days. Ice cream costs $5 per gallon, and paperback novels cost $8 each. Abby has a budget of $80, Bobbi has a budget of $60, and Deborah has a budget of $40 to spend on ice cream and paperback novels. Which of the following statements is correct?
a. Each woman faces the same budget constraint. b. The slope of the budget constraint is the same for each woman. c. The area underneath the budget constraint is larger for Deborah than for Abby. d. All of the above are correct.
Economics
What do we mean when we say that some technological knowledge is not proprietary?
Economics