Sum of the quantities supplied by each seller in the market at each price
What will be an ideal response?
market supply
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In the market for reserves, if the federal funds rate is above the interest rate paid on excess reserves, an open market purchase ________ the ________ of reserves which causes the federal funds rate to fall, everything else held constant
A) increases; supply B) increases; demand C) decreases; supply D) decreases; demand
The policies of the New Deal in the 1930's, in an effort to alleviate unemployment, paralleled those of
a. Keynesian analysis. b. supply-side economics. c. Say’s Law. d. the classical theory.
Adam Smith's invisible hand principle stresses the tendency of
What will be an ideal response?
The government policy that does not increase economic growth is
A. incentives to firms in the form of investment tax credits that can take the economy out of a low saving-investment trap B. foreign trade policy that favors imposing a high tariff on imported high-tech goods C. better health and education policies that provide free childhood vaccination, water purification, and K-12 public education D. policy concerning property rights and rules of law that can free the country from corruption and political instability