The Fed can change the money supply by changing
A) the required reserve ratio.
B) marginal income tax rates.
C) federal excise taxes.
D) unemployment benefits.
A
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A roller coaster operator produces thrill-packed rides using electricity and a roller coaster. For the roller coaster operator, electricity is
A. an opportunity cost. B. a variable cost. C. a fixed cost. D. a sunk cost.
At the end of the 1980s, bank regulators ________ various standards by which bank performance is measured thereby ________ banks willingness to lend
A) lowered, increasing B) raised, increasing C) lowered, decreasing D) raised, decreasing
Suppose the production function for coffee (C) is C = min(B,W), where B = beans in pounds and W = water in gallons. Suppose the price of water is $.10 per gallon and the price of beans is $10 per pound. The expansion path is
a. B = 10W b. B = .1W c. B = W d. ?10 = B + W
If Lisa Beth needs special film for her expensive new camera, then for her these two goods are
a. substitute b. complementary c. unit elastic d. elastic e. inelastic