Refer to Figure 17-1. Suppose that the economy is currently at point A, and the unemployment rate at A is the natural rate. What policy would the Federal Reserve pursue if it wanted the economy to move to point C in the long run?
A) Increase the money supply.
B) Buy treasury bills.
C) Lower the discount rate.
D) Sell treasury bills.
E) No policy will move the economy to point C in the long run.
E
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The annual price of a one dollar loan is referred to as the:
A) service tax. B) rate of interest. C) discount value. D) principal.
? Refer to Table 4-1. At $4, what is the shortage?
A. 0 B. 1,500 C. 3,000 D. 4,500 E. 6,000
Which of the following is false?
a. Tangible goods are inherently more valuable than intangible goods. b. Scarcity forces people to compete c. The elimination of a bad can be considered a good. d. None of the above is false; all are true.
If a firm could perfectly price discriminate,
A. the marginal revenue curve would lie below the demand curve. B. the marginal revenue curve would be the same as the demand curve. C. there would be no marginal revenue function. D. the marginal revenue curve would lie above the demand curve.