Discounting is a process of turning a stream of future returns into a present dollar equivalent

The primary monetary policy tool is reserve requirements

Indicate whether the statement is true or false

In a famous series of commercials, the International Ladies' Garment Workers Union (ILGWU) urged buyers to "look for the union label" and to avoid buying clothes not made by ILGWU members. Through the commercials, the ILGWU tried to attain its goals by

a. restricting the number of ILGWU members. b. featherbedding. c. raising the marginal revenue products of ILGWU members. d. creating lower prices for goods made by ILGWU members.