Which of the following represents an action by the Federal Reserve that is designed to increase the money supply?
A. selling government securities in the open market
B. a decrease in federal tax rates
C. an increase in the discount rate
D. a decrease in the required reserve ratio
Answer: D
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Refer to the figure above. Everything else remaining unchanged, at what rate will the wage be held if there is downward wage rigidity in the market, when the demand curve shifts to LD2?
A) $50 B) $30 C) $40 D) $20
The key explanation for the prevalence of waterway pollution is
A. the inclusion in production of all costs involving use of the waterway. B. that there are private costs but no costs to society. C. that waterways are not private property and can be used free of charge. D. that waterways are subject to the market’s normal control procedures.
An increase in demand for DVD machines occurs. Which of the following statements is TRUE for individual firms that produce DVD machines?
A) The price of DVD machines will decrease leading to an increase in the demand for labor by the firm. B) The price of DVD machines will increase leading to an increase in the demand for labor by the firm. C) The price of DVD machines will increase leading to a decrease in demand by customers leading to a decrease in the demand for labor by the firm. D) A change in demand at the industry level does not influence an individual firm's demand curve for labor.
Darryl would like to work as an accountant full time. A full-time position is not available, however, so he must accept a part-time job working 15 hours per week. The Bureau of Labor Statistics would categorize Darryl as
a. employed. b. unemployed. c. both employed and unemployed. d. not in the labor force.