The part of the federal reserve that determines and implements the nation's monetary policy and controls the money supply to promote stable prices and economic growth is the:
a. president of the board of governors.
b. 12 federal reserve district banks.
c. federal open market committee.
d. board of governors.

Suppose either computers or televisions can be assembled with the following labor inputs: units produced 1 2 3 4 5 6 7 8 9 10 total labor used 3 7 12 18 25 33 42 54 70 90 (a) draw the production possibilities curve for an economy with 54 units of labor. label it p54. (b) what is the opportunity cost of the eighth computer? (c) suppose immigration brings in 36 more workers. redraw the production possibilities curve to reflect this added labor. label the new curve p90.