If the Federal Reserve decreases the money supply, then initially there is a
a. shortage in the money market, so people will want to sell bonds.
b. shortage in the money market, so people will want to buy bonds.
c. surplus in the money market, so people will want to sell bonds.
d. surplus in the money market, so people will want to buy bonds.
a
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Refer to Figure 10.2. In moving from the competitive level of output and price to the monopoly level of output and price, the deadweight loss is the area:
A) QmEHQc. B) GEH. C) GFH. D) FEH. E) none of the above
When Ia > Ii, unwanted inventories
a. fall, causing both employment and national income to rise b. fall, causing both employment and national income to fall c. rise, causing both employment and national income to fall d. rise, causing both employment and national income to rise e. do not change and unemployment and national income do not change
All final goods and services that make up GDP can be expressed as
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Figure 10.2 shows a monopolist's demand curve. The marginal revenue from selling the fourth unit is:
A. $8. B. $6. C. $4. D. $2.