The Fed seeks to promote stability of financial markets because
A) resources are lost when there is not an efficient matching of savers and borrowers.
B) they want to lift the self-esteem of workers.
C) unstable markets result in increased efficiency.
D) Congress directed them to do so by the Employment Act of 1946.
A
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________ could result in a recession because it would ________
A) An increase in government expenditures on goods and services; shift the AD curve to the right. B) An increase in the quantity of money; shift the AS curve to the right. C) An increase in investment; shift the AD curve to the right. D) A tax cut; shift the AS curve to the left. E) A rise in the price of oil; shift the AS curve to the left.
The price of cabbage rises from $0.20 per pound to $0.30 per pound. The quantity of cabbage demanded falls from 800 pounds per week to 600 pounds per week. Use the midpoint formula to calculate the price elasticity of demand for cabbage
Is the demand elastic, inelastic, or unit elastic?