Which of the following is not a monetary policy tool of the Fed?
A) changing the required reserve ratio
B) changing the discount rate
C) setting the price level and the market rate of interest
D) conducting open market operations
C
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Assume a firm is operating in a purely competitive market facing an upward-sloping long-run supply curve
If the industry is currently making pure economic profit what adjustment processes would take place in this market? What would happen to the industry supply curve, equilibrium quantity and equilibrium price?
A _______ demand curve has a price elasticity of demand that is perfectly elastic
a. vertical b. rectangular hyperbola c. horizontal d. circular
Assume the interest rate is 5%. What is the present discounted value of a $1,000 bond that pays a $50 coupon each year for 10 years?
A. $989.91 B. $999.91 C. $1,000.00 D. $1,009.99
Which of the following states that any trade concession given to any foreign country must be given to all other countries having the same status?
A. The purchasing power parity theory B. The most favored nation principle C. The principle of reciprocity D. The structural adjustment program