Whenever people's incomes increase, they buy more guitars. Hence a scatter diagram shows that the relationship between income and guitars purchased is
A) a positive relationshi
A
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Which of the following happens if the Fed buys bonds from a private bank?
A) The Fed's total liabilities remain unaffected. B) The private bank's total assets remain unchanged. C) The private bank's composition of assets remain unchanged. D) The Fed's total assets decrease.
In the above figure, if the price is $10, a profit-maximizing perfectly competitive firm will
A) produce 40 units. B) produce 25 units. C) produce 10 units. D) choose not to produce.
Refer to Scenario 17.2. If the threshold educational level y* is set at 13 1/3,
A) only individuals in Group K will attain it. B) only individuals in Group M will attain it. C) individuals in both groups will attain it. D) no individuals will attain it. E) some fraction of individuals in each group will attain it.
If the combination r = 5% and Y = $100 billion is on the Fed rule line, we know that the combination r = 7% and Y = $100 billion would represent
A. a movement up the Fed rule. B. the Fed rule shifting to the left. C. the Fed rule shifting to the right. D. a movement down the Fed rule.