In the short run, if the Fed wants to raise the federal funds rate, it
A) instructs large commercial banks to sell government securities in the open market.
B) instructs the New York Fed to buy government securities in the open market.
C) instructs the New York Fed to sell government securities in the foreign exchange market.
D) instructs the New York Fed to sell government securities in the open market.
E) tells large commercial banks to raise their interest rates.
D
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In 2012, the U.S. federal government budget had a budget deficit. If there is no Ricardo-Barro effect, this deficit ________ the demand for loanable funds and ________ the real interest rate
A) decreased; lowered B) did not change; did not change C) increased; raised D) decreased; raised E) increased; lowered
Which type of occupation earned the lowest average wage in 2016?
A) management B) legal C) business and finance D) sales E) food preparation and serving
Seymour owns 3 acres of beautiful waterfront property on a large inland lake. In his will, Seymour donates the land to the state with the understanding that the land will be used as a state beach. Seymour wants an efficient way to prevent overcrowding at the beach, so he should require
a. that all beach visitors pay the same entry fee regardless of the day of the week or time of the year. b. that the beach limit the number of visitors to 500 per day, without an entry fee. c. an entry fee be charged on summer weekend days when many people tend to visit the beach. d. that only local residents be admitted to the beach.
The consumer optimum (for two goods, A and B) is reached when
A. TUA = TUB. B. TUA/PA = TUB/PB. C. MUA = MUB. D. MUA/PA = MUB/PB.