The amount of real GDP produced at any one time depends on
i. a fixed amount of capital.
ii. a fixed level of technology.
iii. decisions people make about leisure versus working.
A) ii only
B) ii and iii
C) i and ii
D) i only
E) i, ii and iii
E
Economics
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Currently the Fed targets
A) the inflation rate B) the exchange rate. C) the federal funds rate. D) both the monetary base and the federal funds rate simultaneously. E) the price level.
Economics
Which of the following statements concerning the First Bank of the United States is not true?
a. Its goal was to prevent state-chartered banks from overissuing bank notes. b. Its charter lasted 20 years. c. It was the first version of a central bank in the United States. d. It served as the government's fiscal agent. e. It was the first bank chartered in the United States.
Economics