What does the Fed auction at the Term-Auction Facility?
a. government bonds of a quantity it sets
b. government bonds with the quantity determined at the auction
c. loans of a quantity it sets
d. loans with the quantity determined at the auction
c
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The economy entered a recession in January of 2015, but GDP data alluding to the start of the recession was not published and analyzed by the Fed until July 2015. This exemplifies a(n)
A) recognition lag. B) implementation lag. C) impact lag. D) liquidity lag.
If a firm is wondering whether or not it should "buy or make,"
A) it is exploring its horizontal boundaries. B) it is exploring its vertical boundaries. C) it is exploring the boundaries of its network. D) it is considering a "winner-take-all" event.
What is a central reason monopoly forces are especially strong in sectors dominated by platform businesses?
A. High marginal costs of production B. Network externalities C. Patent protections D. International trade restrictions
Refer to the graph below.
As you move from point A to point B:
A. production efficiency is decreased because we are no longer on the production possibility curve. B. production efficiency is decreased because we have less of good Y. C. the change in efficiency is unclear. D. production efficiency is increased because we have more of good X.