Firms in monopoly or monopolistically competitive market structures do not have traditional supply curves as firms in perfect competition do

Some economists object to having the Fed concentrate solely on price stability because it would

A) make stabilizing the economy more difficult. B) lessen its credibility. C) privatize the Federal Reserve. D) free the Fed from political pressure.

Which of the following statements is CORRECT?

A) The United States produces more goods than services. B) The United States produces more services than goods. C) The United States produces more agricultural goods than manufactured goods. D) The United States produces an equal amount of goods and services.