If the Fed wants to raise interest rates, then it can use its open market operations to:
a. increase the money supply.
b. decrease the money supply.
c. increase money demand.
d. decrease money demand.
b
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When economists refer to an economy's price level, they indicate: a. the rate of inflation in that economy
b. the prices of goods and services relative to consumers' incomes. c. a composite measure of prices of all goods and services. d. a period of level, or steady, prices in that economy. e. the price of a specific consumer good.
Organizational structure can be a strategic asset if it
A) adds value. B) adds value and can be duplicated. C) adds value and cannot be duplicated. D) can be franchised.
As the unemployment rate rises,
A. real GDP also rises. B. nominal GDP rises. C. the employment rate rises. D. lost national output rises.
Which of the following statements about public goods is not true?
A. They are only produced by government agencies. B. They are non-excludable since those who do not pay for them cannot be excluded from enjoying them. C. They will be under supplied by the private sector. D. They bestow collective benefits on members of society.