What would the federal reserve do when it wants to increase the supply of loanable funds?
a. sell gov't securities
b. increase the reserve requirement
c. increase the discount rate
d. decrease the reserve requirement
Answer: d. decrease the reserve requirement
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Output per employed worker is called:
A. average labor productivity. B. output per person. C. average standard of living. D. total output.
Describe the idea behind the cap-and-trade program for improving environmental quality. Explain how supply and demand determine the price for pollution rights in this case
Please provide the best answer for the statement.
In Figure 24.2, total profit at the profit-maximizing rate of output is
A. $16.00. B. $6.00. C. $22.00. D. $5.50.
Entrepreneurship is defined as the ability to:
A. earn above-average profits. B. raise investment capital. C. minimize production costs. D. organize and get something done.