By purchasing large amounts of mortgage-backed securities (MBS) in 2009, the Federal Reserve's goal was to
a. raise the price of MBS and raise their yields.
b. raise the price of MBS and lower their yields.
c. lower the price of MBS and raise their yields.
d. lower the price of MBS and lower their yields.
b
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If a company plots its total profit curve, it would show
A. that the curve has a negative slope over the entire range of output. B. that the slope of the curve is negative, then zero and then becomes positive as output increases. C. that the slope of the curve is positive, then zero and then becomes negative as output increases. D. that slope is a constant at a value of one.
Advance-purchase discounts offered by airlines are an example of
a. Direct price discrimination b. Indirect price discrimination c. All of the above d. None of the above
The GDP of Country A is equal to $124.5 billion, and the consumption expenditure in the economy is $85.9 billion. The government of Country A charges a flat tax of 20 percent. The government also spends $4.5 billion per year in the form of transfer payments. The disposable income of the country is equal to: a. $99.6 billion
b. $104.1 billion. c. $124.5 billion. d. $129.0 billion.
Explain the three ways GDP can be measured
What will be an ideal response?