The sale of government securities by the Fed
A) decreases the supply of money.
B) increases the supply of money.
C) decreases the demand for money.
D) increases the demand for money.
A
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Points below a firm's total product curve are
A) both attainable and technologically efficient. B) neither attainable nor technologically efficient. C) attainable but not technologically efficient. D) technologically efficient but not attainable.
Of the more than 9,000 banks in the country,
a. all are chartered nationally b. all are members of the Federal Reserve System c. all the state-chartered members are members of the Federal Reserve System d. none of them are chartered nationally e. fewer than 5,000 are chartered nationally; the rest remain state-chartered
A firm will continue hiring labor until the MRP of labor _______ the price of labor.
A. is equal to B. determines C. is less than D. is greater than
Refer to the graph below, which shows the demand and supply of tickets for a Broadway play. When the play's producers take fairness into account, which of the following would most likely to occur?
a. The market price will equal the equilibrium of $125.
b. Producers will charge $75 for a ticket even though the result would be a shortage.
c. Producers will charge $145 for a ticket in anticipation of stronger demand.
d. Producers will raise ticker prices gradually as demand strengthens over time.