Economic profits are:
a. less than accounting profits if implicit costs are greater than zero.
b. less than accounting profits even if implicit costs are zero

Which of the following would shift the aggregate demand curve to the right?

A) an increase in government spending B) an increase in taxes C) an increase in interest rates D) an increase in input prices

The Board of Governors is the body responsible for setting and implementing monetary policy targets for the Federal Reserve System

a. True b. False Indicate whether the statement is true or false