The tools at the disposal of the Fed for changing the quantity of money do NOT include
A) open market operations.
B) changing the required reserve ratio.
C) changing discount rates.
D) increasing the number of commercial banks.
D
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If there are an estimated 20,000 barrels of unknown reserves of oil, annual consumption of oil is 800 barrels, and it is estimated that the supply of oil will be depleted in 50 years, how many barrels of known reserves of oil are there estimated to
be, all else equal? A) 1,250 B) 16,000 C) 20,000 D) 320,000
Assume that a profit maximizing monopolist is producing a quantity such that marginal revenue exceeds marginal cost. We can conclude that the
A) firm is maximizing profit. B) firm's output is smaller than the profit maximizing quantity. C) firm's output is larger than the profit maximizing quantity. D) firm's output does not maximize profit, but we cannot conclude whether the output is too large or too small.
If national saving in a closed economy is greater than zero, which of the following must be true?
a. Either public saving or private saving must be greater than zero. b. Investment is positive. c. d. All of the above are correct.
What was the purpose of the Celler-Kefauver Act of 1950?
What will be an ideal response?