Which of the following were not actions taken by the Federal Reserve in order to stimulate the economy during the recession of 2007-2009?
a. decreasing the discount rate
b. suspending trading on the major stock exchanges
c. massive lending to banks
d. open market purchases of assets other than Treasury bills
b
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Assuming that the marginal social benefit (MSB) of environmental quality is known, then
a. theMSB represents the demand for environmental quality b. total social benefits (TSB) of abatement, A1, can be captured as an area under the MSB up to A1 c. incremental benefits are measured as an area under the MSB between the pre- and post-policy abatement levels d. all of the above e. none of the above
If a monopoly wants to maximize its profit, it should produce in the range where
A) its average costs are declining. B) its demand curve is elastic. C) its marginal costs are declining. D) its marginal costs are less than its average costs.
If the Fed wanted to reduce the federal funds interest rate, it might: a. decrease the interest rate it pays on bank reserves. b. decrease the required reserve ratio
c. buy government securities. d. Do any of the above.
Which of the following statements is most correct?
A. Money is a means of payment but is not part of wealth. B. Money is wealth but not all wealth is money. C. In order to be considered part of a person's wealth, an asset must have a positive return. D. Wealth is a store of value and a means of payment.