Which of the following statements is FALSE?
A) Both monetary and interest rate targets cannot be pursued simultaneously.
B) A reduction in the required reserve ratio increases the money supply and pushes down the equilibrium interest rate.
C) An open market sale decreases the money supply and pushes up the equilibrium interest rate.
D) An open market purchase reduces the money supply and pushes down the equilibrium interest rate.
D
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In the neoclassical growth model without technological progress, in the steady-state the level of capital increases at
a. the growth of technology plus the growth of population. b. the growth of technology plus the growth of population plus depreciation. c. the growth of technology. d. the growth of population.
The primary antitrust statute in the United States is the
A. Sherman Antitrust Act of 1890. B. NLRA of 1935. C. Federal Reserve Act of 1913. D. SEC Act of 1933.
Refer to the information provided in Table 21.6 below to answer the question(s) that follow. Table 21.6
Refer to Table 21.6. Personal consumption expenditures in billions of dollars are
A. 1,000. B. 1,100. C. 1,300. D. 1,700.
Refer to the graph shown. If the price were somehow held at $8.15 per unit, producer surplus would then equal:
A. 1,400. B. 1,171.5. C. 600. D. 423.5.