Suppose the Federal Reserve wanted to reduce the money supply without using open-market operations. It could try to get the public to ________ their currency-deposit ratio and ________ banks' reserve requirements, which would in turn change the banks' reserve-deposit ratio.
A. increase; raise
B. increase; lower
C. decrease; raise
D. decrease; lower
Answer: A
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Which of the following is the main barometer used by the Business Cycle Dating Committee of the National Bureau of Economic Research in determining if the economy has reached a peak?
A. Employment, based on non-farm payrolls B. Industrial production C. Personal income minus government transfer payments D. Manufacturing and trade revenue
Refer to the information provided in Figure 13.2 below to answer the question(s) that follow. 
Figure 13.2 Refer to Figure 13.2. The marginal revenue of the fifth pound of cheese is
A. $1. B. $3. C. $6. D. $24.
The multiplier is calculated as the
A) change in autonomous expenditure/ change in real GDP. B) change in real GDP/ change in induced spending. C) change in real GDP/ change in autonomous expenditure. D) change in nominal GDP/ change in autonomous expenditure.
Coase argued that the free market should be able to solve the externality problem without assigning property rights
a. True b. False