Growth in the standard of living is measured by the increase in

"The decision to employ an additional unit of labor depends on whether the value of marginal product is greater than or smaller than the wage rate." Is the previous statement correct or incorrect?

What will be an ideal response?

The main tool that the Federal Reserve uses to conduct monetary policy is

A) discount policy. B) open market operations. C) acting as the lender of last resort. D) check clearing. E) setting reserve requirements.