If the Fed sells bonds in an open market operation, which of the following is most likely to occur?
a. The equilibrium level of GDP decreases
b. The money supply increases
c. The interest rate falls
d. The aggregate expenditure line shifts upward
e. The open market operation is said to be expansionary.
A
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At its profit-maximizing output, the firm in the above figure incurs a total cost of production of
A) $7,000. B) $9,000. C) $6,300. D) $3,900.
If the U.S. dollar was worth 0.8 euros, and the dollar appreciated, it might now be worth:
A. 0.7 euros. B. 0.9 euros. C. 0.8 euros. D. None of these statements is possible.
According to the search model developed by Stigler, when there are search costs, sellers know that consumers are becoming acquainted with product quality, and consequently all sellers set the same quality. In contrast if there are no search costs, product quality differences can persist over time, even for identically priced products
Indicate whether the statement is true or false
The theory that there is no way to "get rich quick" in securities due to a lack of predictable trends is
A. random walk theory. B. trading. C. market trend analysis. D. no-win theory.