Contractionary monetary policy by the Fed could include
A) lowering the discount rate.
B) decreasing government transfer payments.
C) decreasing reserve requirements.
D) selling government securities in the open market.
Ans: D) selling government securities in the open market.
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When deciding what price to charge customers, a firm may choose to charge different prices based on customers'
a. Age b. Willingness to pay c. Location d. All of the above
According to the graph shown, if this economy were to open to free trade, the domestic quantity demanded would be:
This graph demonstrates the domestic demand and supply for a good, as well as a tariff and the world price for that good.
A. 250.
B. 500.
C. 1150.
D. 1500
John Steinbeck's Cannery Row describes a character who takes his own life because of poor job prospects. If he was an unemployed person who gave up looking for work, he would be considered:
a. chronically unemployed. b. a discouraged worker. c. a member of the labor force. d. frictionally unemployed.
Refer to Figure 9.2. Whenever a CD is sold, 5% of the revenue goes to the artist and the remainder of the revenue goes to the record company. The graph above depicts R, the total revenue from sales; (0.95)R, the record company's share; and C, the cost of producing the CD (which the record companies bears). At what quantity would the artist prefer to produce the CD?
A. 0
B. Q1
C. Q2
D. Q3