The Chairman of the Federal Open Market Committee is also
A) the president of the Federal Reserve Bank of New York.
B) the chairman of the Securities and Exchange Commission.
C) the chairman of the Federal Deposit Insurance Corporation.
D) the chairman of the Board of Governors.
D
Economics
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A firm's marginal cost is $30, its average total cost is $50, and its output is 800 units. Its total cost of producing 801 units is
A) less than $40,000. B) between $40,000 and $40,050. C) between $40,050 and $40,080. D) greater than $40,080.
Economics
The Phillips curve indicates that when the labor market is ________, production costs will ________ and aggregate supply increases
A) easy; rise B) easy; fall C) tight; fall D) tight; rise
Economics