The office of the Federal Reserve Bank of New York charged with implementing Federal Reserve open market policy actions is known as the
A. Open Market Cooperation Office.
B. Trading Desk.
C. Open Market Coordination Office.
D. Response Desk.
Answer: B
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Unless you accept his 'final offer' your negotiation opponent threatens to scrap the whole deal:
a. His threat is more believable if both parties would be harmed by scrapping the deal b. His threat is more believable if he has invested resources that lower his return to other options c. His threat is more believable if he puts his threat 'in writing' d. His threat is more believable if he has balked at this course of action in the past
The slope of the production possibility frontier shows
a. how inputs must be changed to keep them fully employed. b. the technically efficient combinations of the two goods. c. how demanders are willing to trade one good for another. d. the opportunity cost of one good in terms of the other.
If the labor market is perfectly competitive the wage rate will be less than the marginal revenue product of labor
a. True b. False Indicate whether the statement is true or false
Under which of the following conditions will an increase in demand cause a relatively small increase in price?
A. If the shift of the demand curve is relatively small, the gap between the new demand and the old supply will be relatively small. B. If there is highly elastic demand, consumers are very responsive to changes in price. C. If there is highly elastic supply, producers are very responsive to changes in price. D. All of these.