During normal times, Fed pushes the federal funds down when it wants to give the economy a boost and
A. pushes it up when it wants to restrain the economy.
B. pushes it down when it wants to restrain the economy.
C. does not tamper with the federal funds when it wants to restrain the economy.
D. None of the above is correct.
Answer: A
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Charting observations on a semi-logarithmic graph will help the analyst to ascertain whether
A) absolute changes from period to period are constant. B) whether percentage changes from period to period are constant. C) whether percentage changes from period to period are declining. D) Both B and C
If a regulatory commission sets the regulated price equal to marginal cost for a natural monopoly:
a. losses will result. b. government subsidies will be unnecessary. c. the firm will earn economic profits. d. new firms will want to enter. e. resource use will not be optimal.
A tax on a good
a. raises the price that buyers effectively pay and raises the price that sellers effectively receive. b. raises the price that buyers effectively pay and lowers the price that sellers effectively receive. c. lowers the price that buyers effectively pay and raises the price that sellers effectively receive. d. lowers the price that buyers effectively pay and lowers the price that sellers effectively receive.
Sally is a U.S. citizen who works for an Italian company at the branch office located in Tulsa, Oklahoma. Sally's work will contribute toward:
A. U.S. GDP since Sally's a citizen. B. Italian GDP since she's working for an Italian firm. C. U.S. GDP since the location of her office is in the U.S. D. both the U.S. and Italy's GDP.