When the Fed purchases government securities, it:
a. increases banks' reserves and makes possible an increase in the money supply.
b. decreases banks' reserves and makes possible a decrease in the money supply.
c. automatically raises the discount rate.
d. uses discounting operations to influence margin requirements.
e. has no effect on either the money supply or the discount rate.
a
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Short-run total cost is the sum of
a. short-run fixed cost, short-run variable cost, and short-run marginal costs. b. short-run fixed cost and short-run marginal costs. c. short-run variable cost and short-run costs. d. short-run fixed cost and short-run variable cost.
The United States
A. has sometimes attained productive efficiency. B. usually attains productive efficiency. C. never attained productive efficiency.
Dumping occurs when a firm sells goods abroad at a price below their cost and below the price charged in their domestic market
Indicate whether the statement is true or false
As a result of Lehman’s collapse, real GDP first began to fall in
A. the fourth quarter of 2007. B. the second quarter of 2008. C. the third quarter of 2008. D. the first quarter of 2009.