Which of the following is an example of expansionary monetary policy?
A) Congress passing a new government stimulus package.
B) The Fed raising the discount rate for member banks.
C) The Fed increasing the money supply to push interest rates lower.
D) The president signing an executive order to raise the minimum wage of government employees.
Ans: B) The Fed raising the discount rate for member banks.
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Jessica paid $6,200 for a bond with a face value of $6,000. She will be paid $350 annually as long as she holds on to the bond, until the bond's maturity date. The yield on the bond is
A. 5.6 percent. B. 5.8 percent. C. 15.6 percent. D. 2.0 percent.
Invisible hand is a term used by the economist ______ in his 1776 book An Inquiry into the Nature and Causes of the Wealth of Nations
Fill in the blank(s) with correct word
Firm ABC designs and implements a lower-cost method of producing its product. This is an example of:
A. product innovation. B. the inverted U-theory. C. economies of scale. D. process innovation.
A closed economy is a national economy that
A. has not established diplomatic relations with other national economies. B. has a stock market that is not open to traders from outside the country. C. has extensive trading and financial relationships with other national economies. D. doesn't interact economically with the rest of the world.