During the Great Recession, the Fed relied on each of the following tools to influence the economy EXCEPT:
A. paying interest on reserves.
B. reverse repurchase agreements.
C. open market operations.
D. quantitative easing.
Ans: C. open market operations.
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A monopolist faces a demand curve that
A) is perfectly horizontal at the market price. B) is below the marginal revenue curve. C) is downward sloping. D) coincides with the industry supply.
The primary criterion used to analyze the desirability of outcomes in Economics is
a. sustainability b. equity. c. predictability. d. efficiency.
If the U.S. interest? rate, adjusted for? people's expectation of? inflation, increases sharply relative to the rest of the? world, then
A) there will be a decrease in the demand for dollars in foreign exchange markets.
B) there will be no change in the demand for dollars in foreign exchange markets but there will be an increase in demand for foreign currency.
C) the dollar will appreciate.
D) the dollar will depreciate.
The term factor of production refers to
A. Any resource input used to produce goods and services. B. Only those goods that are produced and then used to produce other goods and services. C. Labor only. D. Factories and machinery only.