The "monetary policy transmission mechanism" connects
A. individual income tax rates to aggregate supply.
B. open market purchases to the Fed's balance sheet.
C. short-term interest rates to aggregate demand.
D. individual income tax rates to aggregate demand.
Answer: C
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The market price for Chinese televisions recently changed from $200 per television set to $150 . _____, will benefit the most from this change in price
a. Lee Gadgets Co., a retail shop that sells Chinese televisions to consumers b. Wayne Inc., a manufacturer of Chinese televisions c. Harry, a consumer who buys a Chinese television set d. Light Inc., a wholesaler who sells Chinese televisions to retailers
If P = 3Qs + 3 represents market supply for a competitive industry and market demand is given by Qd = 31 - 1/3 P, the equilibrium quantity is:
A. 10. B. 48. C. 20. D. 15.
Consider an industry that is in long-run equilibrium. An increase in demand leads to an increase in the price of the good. We know that this is
A) a decreasing-cost industry. B) a constant cost industry. C) an increasing-cost industry. D) not a competitive industry.
Field Training Officer (FTO) programs are based on the model established in 1968 by which city in California?
A) Sacramento B) San Diego C) San Jose D) San Francisco