The sale of Treasury securities by the Federal Reserve will, in general
A) not change the quantity of reserves held by banks.
B) decrease the quantity of reserves held by banks.
C) increase the quantity of reserves held by banks.
D) not change the money supply.
B
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In the figure above, suppose the economy is initially at point B. Then the interest rate in Japan rises relative to the interest rate in the United States. This change ________ the supply of dollars and the market moves to a point such as ________
A) decreases; A B) decreases; E C) increases; D D) increases; C
At a given rate of output, marginal cost equals the slope of the
a. long-run average cost curve b. short-run average total cost curve c. planning curve d. total cost curve e. average variable cost curve
If ten cases of spring water are sold at a price of $6 each in a perfectly competitive output market and the marginal product of the last unit of labor is 5, then the marginal revenue product of that last unit of labor is
a. $60 b. $30 c. $50 d. $2 e. 60 cents
The ________ labor-force participation rate is among prime-age ________.
A. highest; men B. lowest; men C. lowest; women D. highest; women