Which of the following is NOT an example of monetary policy?
a. The Federal Open Market Committee decides to sell bonds
b. The Federal Open Market Committee decides to buy bonds.
c. The Federal Reserve reduces the reserve requirements.
d. The Federal Reserve facilitates bank transactions by clearing checks.
d
You might also like to view...
Based on the figure below. Starting from long-run equilibrium at point C, a decrease in government spending that decreases aggregate demand from AD1 to AD will lead to a short-run equilibrium at__ creating _____gap.
A. B; no output B. D; an expansionary C. B; recessionary D. D; a recessionary
In the short run, a perfectly competitive firm will always shut down if, at all output levels above zero,
a. price is less than average total cost b. total revenue is less than total cost c. they cannot pay variable costs with total revenue d. variable cost is greater than fixed cost e. price is less than fixed cost
The good for which neither the principle of mutual excludability nor the principle of rivalry applies is referred to as a:
a. public good. b. commons good. c. club good. d. normal good. e. private good.
Microeconomics is concerned with issues such as
A. The level of inflation in the economy. B. The demand for bottled water by individuals. C. Maintaining a strong level of economic growth. D. All of the choices are correct.