There are __________ Federal Reserve Districts
A) seven
B) eleven
C) twelve
D) fourteen
C
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Does expansionary fiscal policy directly increase the money supply? Isn't it true that the president and Congress fight recessions by spending more money?
What will be an ideal response?
A rapid increase in the price of oil will tend to
A) shift long-run aggregate supply to the left. B) shift aggregate demand to the right. C) shift long-run aggregate supply to the right. D) shift short-run aggregate supply to the left.
At the optimal consumption bundle, the marginal rate of substitution of leisure for consumption is equal to
A) the real wage and the budget line is tangent to an indifference curve. B) minus the real wage and the budget line is tangent to the indifference curve. C) the real wage and the budget line intersects the indifference curve. D) minus the real wage and the budget line intersects the indifference curve.
According to the table shown, the firm's profit is:
This table shows the total costs for various levels of output for a firm operating in a perfectly competitive market.
A. maximized at 3 units of output.
B. maximized at 4 units of output.
C. maximized at 5 units of output.
D. not maximized at any level of output given.