When the government borrows in the market, it
A. does not have to pay interest.
B. is not required to pay back the entire principle.
C. can get indefinite extensions on the loan.
D. all of these answer options are correct.
E. none of these answer options are correct.
E. none of these answer options are correct.
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The Federal Reserve's primary monetary policy-making body is the
A) Federal Open Market Committee. B) Council of Economic Advisors. C) Federal Advisory Council. D) Federal Deposit Insurance Corporation.
What is the post-tax equilibrium quantity in this market?
A. between 70 units and 100 units B. less than 70 units C. greater than 100 units D. 70 units
In a perfectly competitive market,
A. a firm can sell as much as it wants at the existing market price. B. the additional revenue from selling one more unit of output is less than the market price. C. a firm can attract more customers by lowering its price. D. both a and c E. both b and c
Which statement about oligopolies is true?
A. Most oligopolies in the U.S. engage in outright collusion. B. Most oligopolies operate at the minimum point of their ATC curves. C. Most of our GDP is produced by oligopolies. D. Collusion is illegal in the U.S. and does not exist.