Which of the following directs the buying and selling of U.S. government securities?
a. Board of Governors
b. District Federal Reserve Banks
c. Federal Open Market Committee
d. Federal Advisory Council
e. member banks
C
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Use the following list of factors that are related to the aggregate demand curve to answer the next question.1) Real-Balances Effect2) Household Expectations3) Interest-Rate Effect4) Personal Income Tax Rates5) Profit Expectations6) National Income Abroad7) Government Spending8) Foreign Purchases Effect9) Exchange Rates10) Degree of Excess CapacityWhich of the above factors best explain the downward slope of aggregate demand curve?
A. 7, 9, and 10 B. 4, 6, and 7 C. 2, 4, and 6 D. 1, 3, and 8
Drawing the supply curve and the demand curve on the same graph helps show how price is determined
a. True b. False Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. In a well-functioning "cap-and-trade system" for pollution rights, society benefits because pollution will be brought down to insignificant levels. 2. In a well-functioning cap-and-trade system for pollution rights, the right to pollute will go to those who are able to acquire the largest net benefit from using the scarce resource "clean air". 3. Asymmetric information occurs when the two parties in a market transaction do not have the same amount of information regarding the product or process involved in the transaction. 4. The licensing and regulation of financial advisers is one way by which the government tries to deal with the problem of inadequate information that financial firms about their customers.
Suppose the economy's production function is Y = AK0.3N0.7. Suppose K = 200, N = 2000, and A = 1. Calculate the marginal products of labor and capital.
What will be an ideal response?