According to experience, what is the most effective solution to highway congestion?
a) to discount transit passes
b) to discourage urban sprawl by subsidizing urban apartment rents
c) to build more roads
d) to set a price for access to roads, which is paid by those who use them
Ans: d) to set a price for access to roads, which is paid by those who use them
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The Fed influences the interest rate by using which of the following tools?
i. open market operations ii. taxes on bank accounts iii. changes in required reserve ratios A) i only B) ii only C) iii only D) Both i and iii E) i, ii and iii
The best case for intermediate targeting on monetary aggregates is where the
a. LM schedule is flat and the money demand function is stable. b. IS schedule is flat and the level of investment is stable. c. LM schedule is steep and the money demand function is stable. d. IS schedule is steep and the money demand function is stable.
Who bears the majority of a tax burden depends on whether the tax is placed on the buyers or the sellers
a. True b. False Indicate whether the statement is true or false
The marginal factor cost of the third laborer is ________ if the labor supply curve faced by a firm has the following wage-quantity coordinates: 
A. 25 B. 30 C. Cannot be determined until the nature of the product market is known D. 15