Which of the following is NOT a tool used by the Fed to implement monetary policy?
A. Printing Federal Reserve notes and minting coins
B. The discount rate
C. The reserve requirement
D. Open market operations
A. Printing Federal Reserve notes and minting coins
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Is it more efficient for a group of musicians to perform a show "unplugged" (with acoustic instruments) or with state-of-the-art electric instruments?
A) Unplugged is more efficient because the instruments are considerably less expensive to operate. B) It depends on what the musicians are trying to accomplish. C) The use of electric instruments is more efficient because acoustic instruments have become more expensive in recent years. D) It depends exclusively on the relative ratios of energy output to energy input in each instrument class.
If the Fed wishes to increase the money supply, it can:
A. buy a bond from a bank, requiring the bank to hold the money it receives as excess reserves. B. buy bonds from a bank, giving the bank cash in return, which it can then lend out. C. sell a bond to bank, and take the money it receives in exchange out of circulation in the economy. D. sell a bond to a bank, and take the money it receives and lend it out to someone else.
The CEOs of three firms in the airlines industry talk to each other about coordinating their ticket pricing. Which concept is exemplified?
a. quotas b. price leadership c. economies of scale d. collusion
Suppose that the price of a money clip increases from $0.75 to $0.90 and quantity supplied rises from 8,000 units to 10,000 units. Use the midpoint formula to calculate the price elasticity of supply
A) 1.22 B) 1.0 C) 0.82 D) 0.07