If the Fed conducted an open market sale of government bonds and raised the discount rate:
a. the money supply would increase
b. the money supply would decrease.
c. the money supply would not change.
d. the money supply could either increase or decrease.
b
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A change in the price level brings a ________ the aggregate supply curve, NOT a ________ the aggregate supply curve
A) vertical displacement of; change in the slope of B) change in the slope of; horizontal displacement of C) shift in; change in the slope of D) movement along; shift in E) shift in; movement along
Expected value represents the average of all outcomes if one were to undertake the risky event many times over and over again
What will be an ideal response?
Statistical discrimination is when you take action to:
A. reveal private information about someone else. B. reveal one's own private information. C. find out the opportunity cost of acquiring more information. D. fill gaps in your information by generalizing based on observable characteristics.
Economic growth is best measured by increases in
A. per capita real Gross Domestic Product (GDP). B. nominal Gross Domestic Product (GDP). C. per capita nominal Gross Domestic Product (GDP). D. nominal personal income.