In utilizing unconventional monetary policy in 2010, the Federal Reserve purchased
a. real estate worth more than $2 trillion.
b. $800 billion in Treasury bills.
c. over $1 trillion in mortgage backed securities.
d. $600 billion in long-term Treasury bonds.
d
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A multiplant firm has equated marginal costs at each plant. By doing this
A) profits are maximized. B) costs are minimized given the level of output. C) revenues are maximized given the level of output. D) none of the above
In an open economy, the real level of U.S. exports and the quantity of RGDP demanded ______ the price level
a. Move in the same direction as b. Move in the opposite direction from c. Are not affected by d. Have an indeterminate relationship with
Suppose an oligopolistic market has only two firms. Which of the following is true if the firms refuse to cooperate?
a. Allocative efficiency will be achieved. b. Competition for market share will increase. c. Decision making will be mutually independent. d. Prices will be at the same level as in a monopoly market.
Refer to the figure above. If the supply curve for flash drives shifts from S1 to S2, with no change in the demand curve, the new competitive equilibrium quantity is:
A) 10 units. B) 20 units. C) 40 units. D) 60 units.