The monetary policy tool that involves the buying and selling of government bonds is
A) moral suasion.
B) reserve requirements.
C) the discount rate.
D) open-market operations.
Ans: D) open-market operations.
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What is the "quantity demanded"?
A) the amount of a good people desire B) the amount of a good people are able and willing to buy during a specific time period and at a given price C) the amount of a good people are able and willing to buy at all possible prices D) the maximum amount of a good that can be consumed during a specific time period E) the minimum amount of a good that people are willing to buy during a specific time period and at a given price
The following data relate to the supply schedule of a product.PriceQuantity Supplied$51001020015250203002535030500Using the regular percentage change formula, what is the price elasticity of supply when price increases from $15 to $20?
A. 0.2 B. 1 C. 0.6 D. 0.5
Exhibit 9-2 A monopolistic competitive firm
?
Comparing the monopolistically competitive firm in Exhibit 9-2 to the long-run profit-maximizing outcome for a perfectly competitive firm with a price of $15 per unit and a quantity of 600,
A. the quantity produced by the monopolistically competitive firm is higher than that of the perfectly competitive firm. B. the profit earned by the monopolistically competitive firm is higher than that of the perfectly competitive firm. C. the marginal revenue of the monopolistically competitive firm is lower than that of the perfectly competitive firm at the profit-maximizing quantity. D. the long run average cost of the monopolistically competitive firm is higher than that of the perfectly competitive firm at the profit-maximizing quantity.
Refer to the information provided in Figure 1.5 below to answer the question(s) that follow.
Figure 1.5Refer to Figure 1.5. Panel B shows a curve with a slope that is
A. negative and decreasing. B. positive and decreasing. C. negative and increasing. D. positive and increasing.