The Federal Reserve System's four monetary policy goals are
A) low government budget deficits, low current account deficits, high employment, and a high foreign exchange value of the dollar.
B) a low rate of bank failures, high reserve ratios, price stability, and economic growth.
C) price stability, high employment, economic growth, and stability of financial markets and institutions.
D) price stability, low government budget deficits, low current account deficits, and a low rate of bank failures.
Answer: C
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Which of the following is an example of positive rate of time preference?
a. buying a movie ticket the night the movie comes out b. waiting to read your favorite book until it comes out in paperback c. waiting until the new model of the car you want comes out d. none of the above are examples of the positive rate of time preference