When the Fed purchases government securities ________ loans end up being made because ________
A) more; excess reserves in the banking system increase
B) fewer; excess reserves in the banking system decrease
C) more; excess reserves in the banking system decrease
D) fewer; required reserves in the banking system increase but desired reserves decrease
E) fewer; excess reserves in the banking system increase
A
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Which of the following conditions would result in the short run marginal cost curve not correctly reflecting the supply behavior of a profit maximizing firm?
a. The firm is a price taker. b. Price exceeds average total cost. c. The elasticity of demand facing the firm is ?3. d. the firm can vary several inputs in the short run.
The distinction between discretionary fiscal policy and the use of automatic stabilizers is that _____
Fill in the blank(s) with the appropriate word(s).
A disagreement involving two or more unions over which should have control over a particular firm or industry is
A) a closed shop. B) a union shop. C) a jurisdictional dispute. D) an industrial union.
Refer to the data. The industry characterized by the information is:
A. an oligopoly.
B. a monopolistically competitive industry.
C. a purely competitive industry.
D. a pure monopoly.