Creative destruction is the idea of:
a. Schumpeter
b. Hayek
c. Marx
d. Samuelson
e. None of the above
A
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A firm acting as a price leader would never reduce market price because this would clearly make all of the firms in the market worse off and defeat the purpose of having a firm act as the price leader
Indicate whether the statement is true or false
An MPI of 0.4 indicates that for every 100 percent increase in domestic income:
a. there is a 40 percent increase in investment. b. there is a $40 increase in investment. c. there is a 40 percent decline in imports. d. there is a $40 increase in imports. e. there is a 40 percent increase in imports.
Open market operations is the
a. tool most often used by the Fed to alter the money supply. b. least effective tool the Fed has to alter the money supply. c. tool used by the Treasury to raise tax revenues. d. tool used by the Fed to regulate stock market activities.
the national is divided into ___ Federal reserve districts each having a federal reserve bank
What will be an ideal response?