The Federal Reserve Open Market Committee meets about ____ times a year
a. 8.
b. 12.
c. 4.
d. 2.
e. 24.
A
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What will be an ideal response?
Everything else held constant, an increase in the liquidity of bonds results in a ________ in demand for bonds and the demand curve shifts to the ________
A) rise; right B) rise; left C) fall; right D) fall; left
A monopolistically competitive market is characterized by:
a. one firm selling a unique product. b. many firms selling identical products. c. many firms selling similar but differentiated products. d. few firms selling identical products. e. few firms selling similar but differentiated products.
In the short-run Keynesian model where the marginal propensity to consume is 0.75, to offset a recessionary gap resulting from a $1 billion decrease in autonomous consumption, taxes must be:
A. decreased by $1 billion. B. decreased by $1.33 billion. C. increased by $1 billion. D. increased by $1.33 billion.