The assumption of completeness means that
A) the consumer can rank all possible consumption bundles.
B) more of a good is always better.
C) the consumers can rank all affordable consumption bundles.
D) all preferences conditions are met.
A
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When the Fed conducts an open market sale, it leads to a higher level of investment and output in the economy
Indicate whether the statement is true or false
The Fed influences the interest rate by using which of the following tools?
i. open market operations ii. taxes on bank accounts iii. changes in required reserve ratios A) i only B) ii only C) iii only D) Both i and iii E) i, ii and iii
The term "market" refers to
A) physical structures only. B) locations where buyers and sellers physically meet. C) any arrangement that enables buyers and sellers to get information and trade with one another. D) trading arrangements that have been approved by the government.
If the government of a country wants to increase the supply of loanable funds, it should: a. charge a higher rate of tax on the income that is saved
b. charge a lower rate of tax on the income that is saved. c. charge a higher rate of tax on the income that is invested. d. charge a lower rate of tax on the income that is consumed.