The Federal Reserve began paying interest on reserves in 2008
Indicate whether the statement is true or false
True
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If the Fed wanted to use all of its policy variables to decrease the supply of money, which of following would that include? a. Increasing its open market sales of government securities. b. Increasing the required reserve ratio
c. Decreasing the interest rate it pays banks on bank reserves. d. It would include all of the above.
A union acts like a monopoly seller of labor
a. True b. False Indicate whether the statement is true or false
A recession has no benefit to society-it represents a sheer waste of resources
a. True b. False Indicate whether the statement is true or false
What is the equilibrium price and quantity under perfect competition?
a. Q=10 and P=40 b. Q=10 and P=60 c. Q=20 and P=40 d. Q=20 and P=60