Since the early 1990s, the Fed has conducted monetary policy by setting a target for the

In common value auctions

a. Every bidder know the value of the object being sold b. Each bidder makes their own estimate of the value of the good c. All bidders know the estimates of the others d. The true value of the item differs across bidders

In 2012, the U.S. federal debt held by the public was:

A. held largely by foreign governments. B. about four times as large as the GDP. C. about twice as large as the GDP. D. about 70 percent of the size of the GDP.