The primary tool the Federal Reserve uses to increase the money supply is
A) buying Treasury securities. B) printing more money.
C) lowering the discount rate. D) lowering the required reserve ratio.
A
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As a result of importing a good, domestic consumers ________ the quantity consumed and the price of the good ________
A) increase; rises B) decrease; rises C) decrease; falls D) increase; does not change E) increase; falls
If GDP grew 3% in 1970, 2.2% in 1971 and 2.5% in 1972 then, what is the average annual growth rate over this period?
A) 5% B) 4% C) 2.6% D) -2.2%
Average fixed cost can be calculated using any of the formulas below except
A) TFC/Q. B) (TC/Q) - AVC. C) ?(TC - VC)/?Q. D) (TC - VC)/Q.
The German inflation rate after World War I was measured in the thousands of percents. This condition is referred to as
a. fundamental inflation. b. environmental inflation. c. hyperinflation. d. episodic inflation.