Exchange by barter requires a coincidence of wants.
Answer the following statement true (T) or false (F)
True
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Suppose, at a given federal funds rate, there is an excess demand for reserves in the federal funds market
If the Fed wants the federal funds rate to stay at that level, then it should undertake an open market ________ of bonds, everything else held constant. If the Fed does nothing, however, the federal funds rate will ________. A) sale; increase B) purchase; increase C) sale; decrease D) purchase; decrease
Select the correct statement
a. Qualitative forecasts give the direction of change. b. Quantitative forecasts give the exact amount or exact percentage change. c. Diffusion forecasts use the proportion of the forecasts that are positive to forecast up or down. d. Surveys are a form of qualitative forecasting. e. all of the above are correct.
Which of the following examples reflects monopolistic competition?
a. Pineapple agriculture has just enough farms to meet society’s needs efficiently. b. The ski resort business has too many resorts to meet society’s needs efficiently. c. Tea agriculture does not have enough farms to meet society’s needs efficiently. d. The tourism industry fluctuates between too many and too few tours to meet society’s needs efficiently.
A technological improvement lowers the cost of producing corn. As a result, the price of a pound of corn ____ and the quantity of corn ____. Question 19 options:
A. falls; increases B. falls; does not change C. falls; decreases D. rises; decreases E. rises; increases