Which of the following is the Federal Reserve most likely to use to change the nation's money supply?
A. Reserve requirements
B. Open-market operations
C. Discount lending
D. Credit controls
Answer: B
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Sequential games are used to analyze
A) second-price auctions. B) cartels. C) situations in which one firm acts and other firms respond. D) firms that are subject to the prisoner's dilemma.
According to real business cycle theory, the primary causes of business cycles are
A) shocks to aggregate demand. B) monetary factors. C) technology shocks. D) waves of self-fulfilling optimism and pessimism.
You are considering buying a share of stock in XYZ Corporation. At the end of years 1, 2, and 3 the stock will pay you a dividend of $15 . In addition, at the end of the third year you expect to sell the share of stock for $100 . If the interest rate is 3%, how much is the share of XYZ stock worth to you today?
a. $123.14 b. $133.94 c. $137.96 d. $145.00
Firms who engage in price discrimination usually make the same amount of money as they would if they charged one price.
Answer the following statement true (T) or false (F)