Which of the Fed's instruments is most frequently used?
A) Changing reserve requirements
B) Open-market operations
C) Changing the discount rate
D) Changing margin requirements for the stock market
B
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The supply of a renewable resource is perfectly elastic
Indicate whether the statement is true or false
If the consumption function is defined as C = 5,500 + 0.9Y, what is the autonomous level of consumption expenditure?
A) $4,950 B) $5,500 C) $6,050 D) $6,111
In the Solow growth model, if the level of investment is less than depreciation at the initial capital-labor ratio , then ?k is ________ and the capital-labor ratio ________ toward the steady-state capital-labor ratio
A) greater than zero; increases B) greater than zero; decreases C) less than zero; increases D) less than zero; decreases
If a monopolistically competitive firm is producing 450 units of output and at this output level, the price is $15 and the average total cost is $12, the firm profit/loss is equal to ________.
A) -$1,525 B) $1,350 C) -$1,350 D) $1,525