Bid-rigging is more likely when
a. auctions are for larger amounts
b. auctions are infrequent
c. auctions are oral
d. auctions are sealed-bid
d
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Whether a company produces fishing rods mostly by hand or using high-tech machinery is a question of
A) "When will the goods be produced?" B) "For whom will goods be produced?" C) "How will the goods be produced?" D) "Why will the goods be produced?" E) "Where will the goods be produced?"
In practice, the Federal Reserve keeps the discount rate close to the ________ rate in order to avoid large swings in borrowed reserves by banks
A) inflation B) prime C) six-month Treasury bill D) federal funds
An increase in the supply of money would decrease the interest rate and increase aggregate demand, other things equal
a. True b. False Indicate whether the statement is true or false
The labels for the axes of an aggregate supply curve should be:
A. aggregate demand for the vertical axis and real national output for the horizontal axis. B. real domestic output for the vertical axis and price level for the horizontal axis. C. real domestic output for the horizontal axis and price level for the vertical axis. D. real employment for the vertical axis and price level for the horizontal axis.