The main purpose of expansionary monetary policy is to reduce interest rates.
Answer the following statement true (T) or false (F)
True
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The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from CDs when the sixth CD is purchased?
A) 40 units B) 30 units C) 15 units D) 5 units
In its most ideal form, a price system allows
A) firms to act in such a way that they eliminate scarcity. B) consumers to satisfy all their wants. C) resources to move from lower-valued uses to higher-valued uses through voluntary exchange. D) government policy makers to allocate resources to the uses which they consider to be in the best interests of society.
The greatest constraint faced by banks considering the alternative of lending to Bangladeshi villagers is:
A. not having qualified loan officers to make the loans. B. having limited funds available for loans. C. not being able to determine appropriate currency exchange rates. D. counterfeit Carfax reports that make it difficult to properly assess collateral.
Governments usually accept goods inflation as long as it stays low, which for the United States currently means around:
A. 5.5 to 6 percent. B. 3.5 to 4 percent. C. 1 to 2.5 percent. D. 7.5 to 8 percent.