Decisions to reduce the money supply are made by ________ and are an example of ________ policy.
A. the President; monetary
B. the Federal Reserve; fiscal
C. Congress; monetary
D. the Federal Reserve; monetary
Answer: D
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When a simple monopolist chooses to sell an additional unit of a good or service
a. marginal revenue will be equal to the going market price. b. marginal revenue will always be negative. c. it will only have to lower its price on the additional unit. d. it will have to lower its price on the additional unit and on all other units.
Borrowed funds are used in financing every component of GDP.
Answer the following statement true (T) or false (F)
Suppose Ben owns a small company that makes kites. The market for kites is perfectly competitive, and kites sell for $25 each. Ben's total production costs vary depending on the number of kites he makes each day, as shown in the accompanying table. Number of kites Per DayTotal Cost Per Day ($)0100111021263148417252006235 What is the profit-maximizing number of kites for Ben to make each day?
A. 0 B. 3 C. 5 D. 4
An industry with a concentration ratio of 80 would have at least ____ firms.
A. 2 B. 3 C. 4 D. 5