The Federal Open Market Committee a. by law must focus on maintaining low inflation rather than stabilizing output. b. by law must focus on stabilizing output rather than maintaining low inflation. c. by law must follow a mechanical rule that takes into account deviations of unemployment from its natural rate and deviations of inflation from a target. d. operates with almost complete discretion over monetary policy.

8. problems and applications q8there are four consumers willing to pay the following amounts for haircuts, and there are four haircutting businesses with the following costs: consumers' willingness to payyvette: $35cho: $15sean: $45bob: $25firms' costsfirm a: $40firm b: $20firm c: $10firm d: $30each firm has the capacity to produce only one haircut.for should be given.which businesses should cut hair? check all that apply.firm afirm bfirm cfirm dwhich consumers should have their hair cut? check all that apply.bobchoseanyvettethe maximum possible total surplus is