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Question - At the beginning of the month, the Forming Department of Martin Manufacturing had 30,000 units in inventory, 30% complete as to materials, and 10% complete as to conversion. During the month the department started 100,000 units and transferred 102,000 units to the next manufacturing department. At the end of the month, the department had 28,000 units in inventory, 80% complete as to materials and 70% complete as to conversion. How many units did the Forming Department start and complete in the current month?
A. 128,000
B. 102,000
C. 98,000
D. 100,000
E. 72,000
Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest. How much control does the Fed have over this longer real rate?
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