The Fed does not tightly control the monetary base because it does NOT completely control
A) open market purchases.
B) open market sales.
C) borrowed reserves.
D) the discount rate.
C
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Firms are much more likely to provide non-excludable public goods than excludable public goods. ?
Answer the following statement true (T) or false (F)
Of the English-owned joint stock companies that operated in North America, which was the only one to survive longer than 20 years?
a. The London Company b. The New Plymouth Company c. The Hudson Bay Company d. The Massachusetts Bay Company
Oligopoly: a. Does not meet the condition for allocative efficiency. b. Does not meet the condition for productive efficiency. c. May lead to greater technological progress
d. a. and b. are true, but not c.
A price ceiling will be binding only if it is set
a. equal to the equilibrium price. b. above the equilibrium price. c. below the equilibrium price. d. either above or below the equilibrium price.