A single-price monopolist produces closer to the competitive level than a discriminating monopolist
Indicate whether the statement is true or false
F
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Through open market operations, the Fed
A) controls the demand for reserves, but not the supply of reserves, in the banking system. B) controls the supply of reserves and the demand for reserves in the banking system. C) controls the supply of reserves, but not the demand for reserves, in the banking system. D) has influence over, but cannot directly control, the supply of reserves and the demand for reserves in the banking system.
If people wished to hold a quantity of money equal to 80% of nominal GDP, the velocity of money would be
A) 1.00. B) 1.25. C) 1.50. D) 1.75.
Economic growth is
A. an increase in the per person real production in a nation. B. an increase in real estate values. C. an increase in stock market values. D. an increase in the number of people employed in agriculture.
Which of the following statements best describes the level of potential output in the U.S.?
A. It has been decreasing since 1999 B. It never changes year to year C. It usually increases year to year D. It is very erratic year to year