The Federal Reserve has:

A. made some booms and recessions worse rather than better.
B. a good track record of only making booms and recessions better.
C. made some recessions worse but generally makes booms better.
D. made some booms worse but generally makes recessions better.

Ans: A. made some booms and recessions worse rather than better.

Economics

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In the long-run average cost function, only the amount of capital is allowed to vary

Indicate whether the statement is true or false

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