Open market sales ________ reserves and the monetary base thereby ________ the money supply
A) raise; lowering
B) raise; raising
C) lower; lowering
D) lower; raising
C
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The figure above provides information for a factory that produces chemicals that pollute a waterway. The waterway is used by water skiers. The efficient quantity of chemicals to produce is ________ tons of chemicals a week
A) 1 ton B) as many tons as possible C) 3 tons D) 5 tons
Which of the following is an example of capital?
a. Education b. Natural resources c. Machinery d. Training e. Money
James earns income of $90,000 per year. His average tax rate is 40percent. James paid $5,500 in taxes on the first $40,000 he earned. What was the marginal tax rate on the rest of his income?
a. 6.1 percent b. 44 percent c. 55 percent d. 61 percent
Refer to Figure 19.2. The total utility of two apples is
A. 6 utils. B. 2 utils. C. 5 utils. D. 11 utils.