Monetary policy is
A. minting coins and printing Federal Reserve notes.
B. manipulating interest rates, credit conditions, and the money supply.
C. manipulating government expenditures and tax revenues.
D. regulating the United States dollar price of gold.
B. manipulating interest rates, credit conditions, and the money supply.
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A constant marginal rate of substitution between two goods implies that they are
A) perfect complements. B) perfect substitutes. C) independent goods. D) unattainable.
Since resources are not equally substitutable across uses: a. the production possibilities curve will be positively sloped. b. the production possibilities curve will be a straight line
c. the production possibilities curve will be bowed outward. d. the production possibilities curve will be bowed inward.
If George's MPS is 0.75 and he earns an additional $1,000, how much would he spend?
a. $250 b. $750 c. $1,333 d. $4,000
The signaling effect leads to college graduates earning more because a college degree signals that a person has learned the required job skills.
Answer the following statement true (T) or false (F)