If the Federal Reserve increases its bond purchases, the short-run effects will be
a. an increase in the money supply and lower real interest rates.
b. a decrease in the money supply and lower real interest rates.
c. an increase in the money supply and higher real interest rates.
d. a decrease in the money supply and higher real interest rates.
A
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List four of the Federal Reserve's key functions
What will be an ideal response?
Michigan Radio is the state's most listened-to public radio service, attracting approximately 400,000 listeners each week and is funded through listener donations. Listeners can access Sirius satellite radio through a subscription to the service
Michigan Radio is a ________ and Sirius satellite radio is a ________. A) common resource; natural monopoly B) public good; natural monopoly C) natural monopoly; private good D) public good; common resource
The supply curve of an exhaustible resource shifts up as the marginal cost of extracting the resource increases
a. True b. False Indicate whether the statement is true or false
Suppose that Carla's Candy Shop finds that at the current level of output, marginal revenue is below marginal cost and average variable cost is below price. If the market price is held constant, Carla's Candy Shop should __________ in order to maximize profits
a. raise output b. reduce its price c. reduce output d. close down e. maintain its current output level