To expand the money supply the Fed could lower the required reserve ratio, lower the discount rate, or purchase government securities
Indicate whether the statement is true or false
True
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The parameter A re-scales the production function 
-- allowing us to transform a decreasing returns to scale production function to an increasing returns to scale production function.
Answer the following statement true (T) or false (F)
The two general approaches to reducing global poverty include the redistribution of incomes and economic growth.
Answer the following statement true (T) or false (F)
In its function of controlling the money supply, the Fed does not do which one of the following?
A. Controls the money supply. B. Clears checks. C. Regulates banks. D. Offer checking accounts to the public.
According to the textbook, which of the following must a firm in a market economy do today to succeed?
A) produce new or better goods or services B) efficiently organize production C) produce existing goods and services at a lower cost D) Market firms today must do all of these things.