In practice, oligopolistic markets are:
A. usually protected by the government.
B. fairly common.
C. forbidden by the government.
D. very rare.
Answer: B
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By using open market operations, the Federal Reserve
A) adjusts the supply of reserves to keep the federal funds interest rate equal to its target. B) controls banks' demand for reserves, thereby keeping the federal funds rate equal to its target. C) adjusts the demand of reserves to keep bank rates in line with the federal funds rate target. D) adjusts the supply and demand of reserves to keep the federal funds interest rate equal to its target. E) None of the above answers is correct.
Suppose that along the economy-wide rate-of-return line, the current interest rate of 8 percent causes a planned investment of $300 billion
Should the interest rate fall to 7 percent, the $300 billionth dollar of investment spending now generates a ________ rate of profit, which puts ________ pressure on investment. A) positive, downward B) positive, upward C) negative, downward D) negative, upward
In which situation might a company NOT want to maximize profit?
A. A small business owner who sells a highly specialized product at a high price in order to compete with more established businesses in the area B. A family-owned company that has to decide between hiring a family member and hiring a highly-qualified external candidate C. A conglomerate with a highly streamlined supply chain who sells generic goods D. A corporation that has performed poorly in the last two quarters and is looking for new upper-management
Economists before Keynes assumed that equilibrium GDP occurred
a. automatically. b. only with the help of government stabilization. c. if spending was generally greater than output. d. only in socialist economies with central planning.