What's the firm's contribution margin?
a. $12
b. $10
c. $8
d. $4
d
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The three important functions of money are _____
a. medium of exchange, facilitation of trade, and unit of account b. unit of account, facilitation of trade, and store of value c. store of value, facilitation of trade, and double coincidence of wants d. facilitation of trade, medium of exchange, and unit of account e. medium of exchange, unit of account, and store of value
When the Federal Reserve increases the Federal Funds target rate, it achieves this target by
a. purchasing government bonds. This action will reduce investment and shift aggregate demand to the right. b. purchasing government bonds. This action will increase investment and shift aggregate demand to the right. c. selling government bonds. This action will reduce investment and shift aggregate demand to the left. d. selling government bonds. This action will increase investment and shift aggregate demand to the left.
Table 17.1 YearReal GDPPopulation1$575 billion22 million2$580 billion24 million3$605 billion25 million4$606 billion27 millionRefer to Table 17.1. The growth rate of the economy from year 2 to year 3 was
A. 4.0 percent. B. 4.2 percent. C. 4.1 percent. D. 4.3 percent.
In order to move the federal funds rate to the level it desires, the Fed must
A) first change the discount rate to the desired federal funds rate. B) specify the interest rate on previously issued government bonds. C) adjust the money supply to achieve the target federal funds rate. D) limit the amount of bank lending activity.