If the economy is in a recession, the Fed is likely to:
A. buy bonds through open market operations.
B. increase the discount rate.
C. increase the reserve requirement.
D. print more currency.
A. buy bonds through open market operations.
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According to the Laffer curve, the federal tax rate affects:
a. incentive to work. b. savings. c. investment. d. tax revenue. e. All of these.
The quantity equation implies that any decrease in the money supply has to lead directly to:
A. an increase in P. B. a decrease in P. C. an increase in Y. D. a decrease in Y. AACSB: Reflective Thinking
Transferring entries from a journal to the ledger is called ___
Fill in the blank(s) with correct word
Different points along a downward-sloping demand curve come from
A. tangencies between indifference curves and budget lines that represent different prices of the good. B. tangencies between indifference curves and budget lines that represent different income levels. C. different points along any one budget line when the prices of the goods are held constant. D. different points along any one indifference curve when the prices of the goods are held constant.