One of the goals of the federal reserve is price stability. for the fed to achieve this goal, a. the level of unemployment should be low, less than 6%, and the inflation rate should be near zero percent. b. prices should not be increasing and the inflation rate should be near zero percent. c. the rate of inflation should be low, such as 1% to 3%, and should be fairly consistent. d. the inflation rate should be consistent but the rate of inflation can be zero, low (such as 1-3%), or high (such as 8-10%).

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The market demand curve for a popular teen magazine is given by q = 80 - 10p where p is the magazine price in dollars per issue and q is the weekly magazine circulation in units of 10,000. if the circulation is 400,000 per week at the current price, what is the consumer surplus for a teen reader with maximum willingness to pay of $3 per issue?

While cell phones with holographic keyboards are currently in the introduction stage of the industry life cycle, tablet computers are in the growth stage. in the context of this scenario, which of the following statements is true? a. the industry for cell phones with holographic keyboards will face greater competition than the tablet industry. b. while the industry for cell phones with holographic keyboards will focus more on product innovation, the tablet industry will focus more on process innovation. c. while the industry for cell phones with holographic keyboards can reap the benefits of economies of scale, the tablet industry will experience no such benefits. d. the industry for cell phones with holographic keyboards will face price competition, whereas, in the tablet industry, the mode of competition will be non-price.