The Fed's countercyclical policy during expansion and prosperity includes:
a. raising the required reserve ratio, raising the discount rate, and selling government bonds on the open market.
b. raising the required reserve ratio, raising the discount rate, and buying government bonds on the open market.
c. raising the required reserve ratio, cutting the discount rate, and selling government bonds on the open market.
d. raising the required reserve ratio, cutting the discount rate, and buying government bonds on the open market.
e. lowering the required reserve ratio, cutting discount rates, and buying government bonds on the open market.
a
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If macaroni and cheese is an inferior good, then a decrease in income results in
A) an increase in the demand for macaroni and cheese. B) a decrease in the demand for macaroni and cheese. C) an increase in the supply of macaroni and cheese. D) a decrease in the supply of macaroni and cheese. E) Both answers A and D are correct.
Use the following table to answer the question below: The amount of total output produced from various combinations of labor and capital.
If the capital stock is fixed at one unit, how much does the third unit of labor add to total output?
A. 60 B. 80 C. 40 D. 20 E. none of the above
Emigration is when people leave a country because of supply push factors
Indicate whether the statement is true or false
Your allergies are bad this summer so your allergist writes you a prescription to relieve your symptoms. When you get to the pharmacy, you notice the name brand allergy medicine is more expensive than its generic equivalent. You purchase the generic equivalent and demonstrate all of the following EXCEPT
A. the principle of diminishing marginal utility. B. when price decreases, the quantity demanded increases. C. a price change may affect consumer optimum. D. the principle of substitution of one product for another.