The Federal Open Market Committee (FOMC) holds eight regularly scheduled meetings during the year and also holds other meetings as needed. Policy statements and minutes of those meetings are posted on the Web site of the Federal Reserve's Board of Governors, at www. federalreserve. gov/monetarypolicy/fomccalendars. htm1. Locate the June 2017 statement and read it carefully. Identify three or four macroeconomic policy terms from this statement that are covered in this chapter. In this statement, how does the Federal Reserve characterize the state of the economy at the time, and what policy actions did the Fed announce?

Using the exxon data as an example what would be the market capitalization of penny's pickles if each share is selling for $175.35?

What is the relationship between marginal external cost, marginal social cost, and marginal private cost? a. marginal social cost equals marginal private cost plus marginal external cost. b. marginal private cost plus marginal social cost equals marginal external cost. c. marginal social cost plus marginal external cost equals marginal private cost. d. marginal external cost equals marginal private cost minus marginal social cost. marginal external cost a. is expressed in dollars, so it is not an opportunity cost b. is an opportunity cost borne by someone other than the producer c. is equal to two times the marginal private cost d. is a convenient economics concept that is not real

Popeye produces 20 cans of spinach in 8 hours. wimpy produces 15 hamburgers in 10 hours. if each hamburger trades for 1.5 cans of spinach, then: a. wimpy’s production and productivity are greater than popeye’s. b. popeye’s production is greater than wimpy’s, but his productivity is less. c. wimpy’s production is greater than popeye’s, but his productivity is less. d. popeye’s production and productivity are greater than wimpy’s.