Answer the following questions true (T) or false (F)
1. Since World War II, the Federal Reserve has not been involved in carrying out monetary policy.
2. Inflation rates during the years 1979-1981 were the highest the United States has ever experienced during peacetime.
3. The main goal of monetary policy for recent Fed Chairmen has been to maintain high employment in labor markets.
1. FALSE
2. TRUE
3. FALSE
Economics
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Price floors in agriculture lead to
A) efficient farming techniques being employed. B) surpluses of supported farm products. C) more competition in farming. D) the most efficient market solution.
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Markets in which firms sell their output of goods and services are called:
a. Product markets b. Command markets c. Mixed markets d. Resource markets
Economics