Which of the following purchases would be counted as a final good in the GDP calculation?
A. A family's purchase of a used car.
B. A speculator's purchase of 100 shares of Apple Computer stock.
C. A deli's purchase of bread for making its sandwiches.
D. A business's purchase of new office equipment.
Answer: D
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If MUx/Px is less than MUy/Py, then the consumer should consume more of X and less of Y
a. True b. False
Which of the following statements is most correct?
A. The ECB and FOMC are equally successful at keeping the target rate in range. B. The ECB is more successful at keeping the market rate closer to the target rate than the FOMC until the Fed began paying interest on reserves . C. The FOMC is more successful at keeping the market rate closer to the target rate than the ECB until the Fed began paying interest on reserves. D. The ECB seldom has the market rate close to the target rate.