An optimal two-part tariff pricing schedule maximizes consumer surplus

If the federal funds rate were above the level the Federal Reserve had targeted, the Fed could move the rate back towards its target by

a. buying bonds. This buying would reduce reserves. b. buying bonds. This buying would increase reserves. c. selling bonds. This selling would reduce reserves. d. selling bonds. This selling would increase reserves.

(Last Word) The combined cost of Social Security and Medicare programs was what percent of U.S. GDP in 2011?

A. 8.5. B. 12.0. C. 17.2. D. 13.0.