Friedman argued that the Fed could use monetary policy to peg
a. the level of real GDP.
b. the growth rate of real GDP.
c. the rate of unemployment.
d. None of the above is correct.
d
Economics
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What was the average length of unemployment in April 2012 after the Great Recession but while the economy was still recovering?
a. 14 weeks b. 39 weeks c. 44 weeks d. 52 weeks
Economics
Suppose a monopolistically competitive firm's output where marginal revenue equals marginal cost is 66 units and the price corresponding to this quantity is $18. If the average total cost at this output is $16.55, then its total profit is
A) $1,188. B) $1,092.30. C) $95.70. D) $1.45.
Economics