When the Fed is acting as fiscal agent for the Treasury, it will
A) buy securities from the Treasury, thereby providing the Treasury with money to pay the government's bills.
B) receive and process bids for Treasury securities in preparation for the Treasury's auction of securities.
C) serve as a lender of last resort.
D) supply the Treasury with paper money whenever the Treasury does not have enough funds to meet its bills.
E) supervise the Treasury by examining its books.
B
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From the table below, choose the optimum option using marginal analysis
Option Total Cost ($) 1 150 2 100 3 80 4 70 5 90 6 120 What will be an ideal response?
The opportunity cost of producing one car in Germany is 2,000 bushels of wheat, and the opportunity cost of producing one car in Canada is 1,200 bushels of wheat. The two countries can realize mutual gains from trade if they agree on terms of trade that are
a. greater than 2,000 bushels of wheat per car b. less than 1,200 bushels of wheat per car c. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and Germany produces wheat d. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and Germany produces cars e. greater than 1,200 bushels of wheat per car and less than 2,000 bushels of wheat per car, and each country produces both goods
The addition to the economy's capital stock can be found by
A. Subtracting net income from gross investment. B. Subtracting NDP from GDP. C. Subtracting depreciation from GDP. D. Subtracting depreciation from gross investment.
A movement along a demand curve is
A) a change in demand and can be caused by a change in consumers' income. B) a change in the quantity demanded and is caused by a change in the price of the good. C) a change in the quantity demanded and can be caused by a change in consumers' income. D) a change in demand and is caused by a change in the price of the good.