When economists and policymakers refer to the Fed's dual mandate, they are referring to:
A) price and exchange rate stability.
B) price stability and maximum employment.
C) moderate long-term interest rates and maximum employment.
D) price stability and moderate long-term interest rates.
B
Economics
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An U.S. firm buys a new industrial sewing machine from a company located in France. Which of the following is TRUE?
I. U.S. net exports decrease. II. U.S. investment increases. A) only I B) only II C) both I and II D) neither I nor II
Economics
Microsoft raises the price of its Office software by 10 percent. As a result, the quantity of personal computers demanded at the current price decreases by 5 percent
What is the cross elasticity of demand for personal computers with respect to the price of Microsoft Office software? A) -2.0 B) -0.5 C) 0.5 D) 2.0
Economics