Which of the following is true about the Federal Reserve and its ability to prevent recessions? The Federal Reserve
A) can fine tune the economy and realistically hope to keep the economy from experiencing recessions.
B) cannot realistically fine tune the economy and has little to no effect on the magnitude and length of recessions.
C) cannot realistically fine tune the economy, but seeks to keep recessions shorter and milder than they would otherwise be.
D) does not try to eliminate recessions, but instead focuses on preventing inflation.
C
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Bill owns "Bill's Home of Blues" a store that specializes in selling CDs and DVDs of blues musicians of the 1960s and 1970s. Bill took out a loan from his bank to pay for his store and its initial inventory
Bill pays the bank $900 per week for his loan. The $900 bank payment A) is a short-run implicit cost. B) is a fixed cost. C) is a variable cost. D) is a long-run implicit cost.
The Populists succeeded in using the federal government to limit subsidies granted to corporations
Indicate whether the statement is true or false