An open market ________ by the Fed decreases the money supply, which leads to ________ interest rates and a fall in investment spending
A) sale; decreased B) sale; increased
C) purchase; increased D) purchase; decreased
B
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An economic system in which a central authority makes all economic decisions
a. command economy b. traditional economy c. market economy d. free enterprise economy
The way that people communicate with each other using their bodies
a. consideration b. body language c. communication d. charisma
Suppose Congress conducts hearings to decide whether federal loan guarantees ought to be given to the Chrysler Corporation to save it from bankruptcy. The United Automobile Workers union is likely to be well represented at these hearings because the union
What will be an ideal response?
If a pollution tax imposed on a firm is greater than its external cost:
A. the externality will be fully internalized. B. the social production cost will increase by the amount of the pollution tax. C. the pollution tax will be efficient. D. from a society's point of view, the firm will be producing too little.