Why is the Chairman of the Federal Reserve often referred to as the "second most powerful person in the United States?"
The Fed's policy decisions influence the rate of inflation in the long-run and the economy's employment and production in the short-run. The importance of the Chairman results from the fact that the Chairman directs the Fed staff and presides over board meetings.
Economics
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Pam
A) was a prediction market used to predict terrorist attacks. B) is another cost of capital model like CAPM C) stands for Pricing Assets Management D) none of these choices
Economics
Suppose Mary is willing to pay up to $15,000 for a used Ford pick-up truck. If she buys one for $12,000, her ________ would be ________.
A. cost; $15,000 B. economic surplus; $12,000 C. benefit; $12,000 D. economic surplus; $3,000
Economics