Expansionary monetary policy refers to the Fed's increasing the money supply and increasing interest rates to increase real GDP
Indicate whether the statement is true or false
FALSE
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The table above gives the utility from pens and pencils. If the consumer has an income of $4, pens cost $1, and pencils cost $.20, which of the following combinations maximizes the consumer's utility?
A) 4 pens and 0 pencils B) 3 pens and 5 pencils C) 3 pens and 6 pencils D) no combination shown
As long as the actual market price exceeds the equilibrium market price, there will be:
A) downward pressure on the market price. B) upward pressure on the market price. C) no purchases made. D) Both A and C are correct. E) Both B and C are correct.
The number of presidentially appointed members who sit on the Federal Reserve Board of Governors is:
a. none. b. seven. c. nine. d. twelve.
Mention some of the remedies to prevent violation of a low-cost contract between farmers and beekeepers