The top policy goal for Paul Volcker when he became chairman of the Federal Reserve's Board of Governors in 1979 was
A) increasing regulation of commercial banks.
B) increasing employment.
C) a low current account deficit.
D) fighting inflation.
E) increasing economic growth.
Question 2
The rate at which a firm is able to substitute one input for another while keeping the level of output constant is called the
A) marginal rate of technical substitution. B) isoquant substitution rate.
C) opportunity cost of inputs. D) input trade-off rate.