The Fed uses the federal funds rate to pursue its twin goals of:
a. exchange rate stability and maximum GDP
b. interest rate stability and maximum GDP.
c. deflation and maximum GDP.
d. price stability and maximum employment.
e. interest rate stability and maximum employment.
d
Economics
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A characteristic of monopolistic competition is
A) product differentiation. B) a high capital-output ratio. C) a low ratio of fixed costs to variable costs. D) the absence of advertising.
Economics
A completely successful emission charge would
A. Not shift either the private or social MC curve. B. Shift the private MC curve to the same position as the social MC curve. C. Shift the social MC curve to the same position as the private MC curve. D. Shift the private MC curve until the curve intersects with price at zero output and pollution is completely eliminated.
Economics