Refer to Figure 4-15. For each unit sold, the price sellers receive after the tax (net of tax) is

Due to the lack of timely data for the price level and economic growth, the Fed's strategy

A) targets the exchange rate, since the Fed can control this variable. B) targets the price of gold, since it is closely related to economic activity. C) uses an intermediate target, such as an interest rate. D) stabilizes the consumer price index, since the Fed can control the CPI.

Economic efficiency and economic freedom are commonly cited as two major benefits of socialism

a. True b. False Indicate whether the statement is true or false