If the Fed _____________________, the money supply will ultimately __________
A) raises the discount rate relative to the federal funds rate; decrease
B) lowers the discount rate relative to the federal funds rate; increase
C) lowers the discount rate relative to the federal funds rate; decrease
D) raises the discount rate relative to the federal funds rate; increase
E) a and b
E
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Full-employment output is also called
A) potential output. B) national output. C) natural output. D) target output.
Refer to above Table 2-1. What is the level of Gross Domestic Product?
A) 2690 B) 3050 C) 2430 D) 3010
The features of the U-Form of firm organization are
a. workers have trouble developing a high degree of functional expertise b. it is difficult for employees to share information across positions within a division c. employee evaluation is hampered by managers having different skill sets than workers d. coordination across divisions is essential and is a burden on management
Because financial markets clear, we know that leakages in the economy will equal injections and, therefore, there will be enough spending in the economy to purchase whatever amount of output level produced
a. True b. False