A woman in Duluth, Minnesota, bought tickets to a Minnesota Vikings game. Her check was deposited in a bank in Minneapolis. From there it went directly to
A. the Federal Reserve District Bank in Minneapolis.
B. the Federal Reserve Bank in Washington, D.C.
C. her bank in Duluth.
A. the Federal Reserve District Bank in Minneapolis.
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Refer to the table above. If the rental price of machines is $140 per day, up to how many machines should the firm rent?
A) 2 B) 3 C) 4 D) 5
Figure 32-2
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Suppose that Figure 32-2 shows the effects of reducing the budget deficit by raising taxes. If authorities do not want real GDP to fall, monetary policy must
A. become sufficiently more expansionary to restore the aggregate demand curve to D0D0. B. contract aggregate demand to be consistent with deficit-reducing fiscal policy. C. not lower interest rates and thwart the goal of a balanced budget. D. become more contractionary to lower the interest rate and spur investment.
In the oligopoly market structure, the behavior of any given firm ________ the behavior of the other firms in the industry.
A. is independent of B. must be different from C. depends on D. must be the same as
A market structure in which a small number of firms compete is called
A) perfect competition. B) monopolistic competition. C) oligopoly. D) monopoly.