Which of the following combinations would unambiguously decrease the supply of money?
a. The Fed pays a lower interest rate on bank reserves and increases the required reserve ratio
b. The Fed conducts an open market purchase of government securities and raises the discount rate.
c. The Fed pays a higher interest rate on bank reserves and conducts an open market purchase of government securities.
d. None of the above would unambiguously decrease the supply of money.
a
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Suppose that the CPI in Thailand was 345 in 2015 and 388 in 2016. The inflation rate between those two years was approximately
A) 11.2 percent. B) 14.3 percent. C) 12.5 percent. D) 43 percent.
Specialization permits larger outputs and offers economies of large-scale production
a. True b. False Indicate whether the statement is true or false
Aggregate planned expenditure...
a) always equals actual aggregate expenditure b) is always less than actual aggregate expenditure c) is always greater than actual aggregate expenditure d) equals actual aggregate expenditure at the equilibrium level of real GDP
A perfectly elastic demand curve is
A) vertical. B) horizontal. C) a rectangular hyperbola. D) a downward sloping straight line.