The Humphrey-Hawkins Act requires the Fed to promote
A) stable prices.
B) maximum employment.
C) moderate long-term interest rates.
D) all of the above
E) none of the above
D
Economics
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Why do consumers sometimes take a while to respond to price changes?
(A) Consumers need time to decide whether the good is a luxury or a necessity. (B) Price changes do not affect consumers. (C) Demand sometimes becomes less elastic over time. (D) Consumers cannot find acceptable substitutes immediately.
Economics
If a firm produces nothing, which of the following costs will be zero?
a. total cost b. fixed cost c. opportunity cost d. variable cost
Economics