a spot exchange involves a market where goods are bought and sold at
What will be an ideal response?
prevailing market price
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In the figure above, a decrease in the monetary base would create a change such as a
A) movement from point a to point b along the supply of money curve MS0. B) movement from point b to point a along the supply of money curve MS0. C) shift from the supply of money curve MS0 to the supply of money curve MS1. D) shift from the supply of money curve MS1 to the supply of money curve MS0.
The total fixed cost curve:
a. varies with the quantity of inputs used. b. decreases with output. c. increases with output. d. remains constant regardless of output.
During World War II, Hitler would often order his army to hold a particular town or river "at all costs." Was this rational? If so, explain. If not, indicate which economic idea it violated
One of the tools of monetary policy is to change the discount rate. Since 2003
A. the Fed has pegged the discount rate to the reserve requirement. B. the Fed has kept the discount rate a fixed amount above the federal funds rate. C. the Fed has not changed the discount rate. D. the Fed has kept the federal funds rate one percentage point above the discount rate.