Which of the following is a characteristic of a monopoly market?
A. the firm can influence market price
B. one firm is the only supplier of a product for which there are no close substitutes
C. entry into the market is blocked
D. all of the above
Answer: D
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If the total amount of demand deposits in the country increases by $12,000 after the Fed purchases $6,000 in bonds, what is the required reserve ratio?
a. 0.4 b. 0.1 c. 0.2 d. 0.5 e. 0.3
A contour map illustrates which of the following?
a. the cause-effect relationship between two variables b. the cause-effect relationship between three variables c. the way that three variables are correlated d. the way that one variable affects another, which in turn affects a third variable e. the way that two variables are correlated and in turn cause changes in a third variable
When the rate of growth of per capita income of poorer countries is higher than that of richer countries, it leads to economic convergence
a. True b. False Indicate whether the statement is true or false
By purchasing large amounts of mortgage-backed securities (MBS) in 2009, the Federal Reserve’s goal was to
A. raise the price of MBS and raise their yields. B. raise the price of MBS and lower their yields. C. lower the price of MBS and raise their yields. D. lower the price of MBS and lower their yields.