During the stock market crash of October 1987, the Fed
A. raised the discount rate.
B. raised reserve requirements.
C. increased lending to member banks.
D. sold government securities.
Answer: C
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The decisions General Motors makes in determining production levels for its Chevy Volt is an example of a microeconomics topic
Indicate whether the statement is true or false
In leading the opposition to the adoption of NAFTA, H. Ross Perot argued that NAFTA would lead to
A) a loss of U.S. competitiveness with Canada. B) a loss of U.S. manufacturing jobs to Mexico. C) a loss of U.S. willingness to negotiate the Uruguay Round. D) All of the above.
The value of a producer's output minus the value of all intermediate goods used in the production of that output is called the producer's
A) net output. B) accounting profit. C) value added. D) profit margin.
Which of the following is an indicator of how much output the average person would get if all output were divided up evenly among the population?
A. Per capita GDP. B. Real GDP. C. GDP. D. Economic growth.