When the Federal Reserve sells U.S. government securities on the open market, this tends to ____ banks reserves and ______ the money supply.
A. raise; raise
B. lower; lower
C. raise; lower
D. lower; raise
B. lower; lower
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In the above table, what is the marginal revenue product of the 2nd worker?
A) $99 B) $70 C) $110 D) $9
The long-run aggregate supply curve:
A. is affected by the price level. B. never moves. C. shifts right when the economy experiences economic growth. D. shifts left when the economy experiences economic growth.
The best definition of GDP is
A. A physical measure of the capital stock of the economy. B. A dollar measure of final output produced during a given time period within a nation's borders. C. A measure of the per capita economic growth rate of the economy. D. The sum of the physical amounts of goods and services in the economy.
The federal government began officially measuring poverty in the
A) 1860s. B) 1900s. C) 1980s. D) 1960s.