Which of the following provides the economy with currency?
a. Board of Governors
b. Federal Reserve Banks
c. Federal Open Market Committee
d. Treasury Department
e. Department of Commerce
B
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Everything else held constant, if aggregate output is to the ________ of the LM curve, then there is an excess demand of money which will cause the interest rate to ________
A) right; fall B) right; rise C) left; fall D) left; rise
Why would a low-wage nation oppose emigration?
What will be an ideal response?
Profit-maximizing firms want to ________ the difference between total revenue and total cost.
A. maximize B. equalize C. minimize D. eliminate
Engineers for the Off Road Skateboard Company have determined that a 10% increase in all inputs will cause output to increase by 5%. Assuming that input prices remain constant, you correctly deduce that such a change will cause ________ as output increases.
A. average fixed costs to increase B. total cost to decrease C. average costs to decrease D. average costs to increase