In which year was the Federal Deposit Insurance Corporation (FDIC) established?

Do firms in a perfectly contestable market earn positive economic profit in the long run? Explain

What will be an ideal response?

Using Taylor's rule, when the equilibrium real federal funds rate is 3 percent, the positive output gap is 2 percent, the target inflation rate is 1 percent, and the actual inflation rate is 2 percent, the nominal federal funds rate target should be

A) 5 percent. B) 5.5 percent. C) 6 percent. D) 6.5 percent.