A central bank's setting (or altering) of the money supply is known as
a. open-market operation.
b. interest rate policy.
c. monetary policy.
d. employment policy.
c
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Which of the following methods of restricting trade does NOT create a deadweight loss?
A) a tariff B) a quota C) a voluntary export restraint D) Both answers A and B are correct. E) None of the above answers is correct because all the methods create a deadweight loss
Let MUa and MUb stand for the marginal utilities of apples and bagels. Let Pa and Pb stand for their prices. The general necessary condition for consumer equilibrium is
A) MUa = MUb. B) MUa = MUb and Pa = Pb. C) MUa/Pa = MUb/Pb. D) MUa/MUb = Pb/Pa.
Refer to Figure 3-7. Assume that the graphs in this figure represent the demand and supply curves for almonds. Which panel best describes what happens in this market when there is an increase in the productivity of almond harvesters?
A) Panel (a) B) Panel (b) C) Panel (c) D) Panel (d)
________ is defined as first pricing below fair value to drive domestic firms from the market and then pricing as monopolists
A) Predatory subsidization B) Monopoly subsidization C) Predatory dumping D) Monopoly dumping