Suppose the Fed forecasts a reduction in cash leakages. It might offset the effect of this on the money supply by
A) buying government securities.
B) selling government securities.
C) lowering the required reserve ratio.
D) lowering the discount rate.
B
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Describe each of the five game types discussed in this chapter (prisoner's dilemma, pure coordination, assurance, battle of the sexes, chicken) in terms of the amount of tension between cooperation and self-interest of the players
What will be an ideal response?
It is well documented that traveling on our nation's highways at lower speeds saves money on fuel and reduces accidents. Assume that a driver understands this but is unwilling to drive slower until he observes everyone else doing it
Can you make a parallel between this attitude and the case where countries will refuse to lower their tariffs unless their trading partners do the same?
At a firm's current output level of 200 units per week, it has 10 employees at a weekly wage of $500 each. Raw materials, which are ordered and delivered daily, cost $1,000 per week. The weekly cost of the firm's capital is $1,250 . Which of the following statements is correct?
a. Total variable cost is $5,000 . total fixed cost is $2,250; total cost is $7,250. b. Total variable cost is $6,000 . total fixed cost is $1,250; total cost is $7,250. c. Total variable cost is $1,250; total fixed cost is $6,000 . total cost is $7,250. d. Total variable cost is $2,250; total fixed cost is $500; total cost is $2,750. e. Total variable cost is $1,500; total fixed cost is $1,250; total cost is $2,750.
Economic discrimination exists when
A) there is an unequal distribution of income in a country. B) both income and wealth are unequally distributed in a country. C) there is unequal access to education. D) workers with the same marginal revenue products are paid different wages.