If the Fed buys a T-bill from an individual rather than from a bank, the effect on the money supply is
a. smaller because there is no multiplier process.
b. larger because of the multiplier process.
c. the same.
d. impossible to predict without knowing the value of the multiplier.
c
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________ is the market structure in which there are a few rival firms
A) Perfect competition B) Monopolistic competition C) Monopoly D) Oligopoly
Pension funds are partially guaranteed by the
A) Social Security Administration. B) Federal Deposit Insurance Corporation. C) Federal Reserve. D) Pension Benefit Guaranty Corporation.
Suppose you buy an iPod for $100 . If your consumer surplus is $30, your willingness to pay is $70
a. True b. False Indicate whether the statement is true or false
In economics, short run is defined as?
a. A period of time less than a year. b. A period of time during which at least one production input is fixed. c. A period of time less than one month. d. A period of time during which all production inputs are fixed. e. A period of time during which all production inputs are variable. (is correct in long-run)