Which of the following was a reason that the Federal Reserve took on additional risks associated with unconventional policy during the recession of 2007-2009?
a. The inflated price of Treasury bills made them too expensive to purchase in open market operations.
b. The large budget deficit constrained conventional monetary policy.
c. The U.S. Treasury was unable to sell Treasury bills in the primary market.
d. The Fed was able to act more quickly than Congress.
d
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Under what conditions will competition among politicians for votes result in an efficient provision of a public good?
What will be an ideal response?
When economic profits in a perfectly competitive industry are positive
A) new firms will be attracted to the industry, and economic profits will decline to zero. B) the industry is in equilibrium. C) firms will increase output to earn even higher profits. D) firms will increase prices while they have the opportunity.
12. At the national level, how many members are appointed by the president of the United States and confirmed by the Senate to serve on the Board of Governors?
a. 5 b. 6 c. 7 d. 8
Factors of production are:
A.) the laws that regulate manufacturers. B.) the technological innovations available to companies. C.) the resources used to create output. D.) the waste left over after goods are produced.