An increase in the money supply might indicate that the Fed had
a. purchased bonds to increase banks reserves.
b. purchased bonds to decrease banks reserves.
c. sold bonds to increase banks reserves.
d. sold bonds to decrease banks reserves.
a
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What is the main reason for anti-trust laws?
a. To keep prices low b. To ensure firms do not become too big c. To ensure active competition d. To prevent mergers
An inward shift in the entire production possibilities frontier
A. represents economic growth. B. means that the economy can produce more of both goods. C. takes place if there is an expansion in the labor force. D. means that previous levels of production are now unobtainable.
In economics, the word "aggregate" refers to
A. an economy as a whole. B. the government. C. how individual households differ from each other. D. the public sector itself.
If marginal utility is zero, total utility is
A. at its maximum. B. falling. C. zero. D. negative.