When the Fed changes money supply by selling government securities, the interest rate will
A) fall unless the LM curve is horizontal.
B) fall unless the IS curve is vertical.
C) rise if the LM curve is vertical or upward sloping.
D) remain constant if the LM curve is vertical.
C
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The above figure shows the marginal benefits and marginal costs of a college education. If a voucher for $5,000 is given to the students, then colleges charge tuition of
A) $0. B) $5,000. C) $10,000. D) $15,000.
The government’s role in a laissez-faire system includes
A. determining market prices B. constructing and maintaining roads and infrastructure C. determine the levels of profits earned by firms D. impose minimum wages
If suppliers of garbage collection services charged the full costs of providing the service, the supply curve would
A. change to a positive slope. B. change to a negative slope. C. shift to the left. D. shift to the right.
Researchers estimate QALYs in a number of different ways. One popular approach is called:
a. the probability approach. b. the standard measure of well-being. c. the utility of life approach. d. the standard gamble. e. the QoL approach.