When the Fed wishes to reduce the economy's money supply, it:
a. lowers the discount rate.
b. lowers the required reserve ratio.
c. reduces the margin requirement.
d. sells some of its government securities.
e. prints more money.
d
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Should I buy a new or a used copy of the textbook? According to the economic way of thinking, the person is asking about
A) economic efficiency. B) educational efficiency. C) scholastic efficiency. D) motivational efficiency. E) academic efficiency.
As a result of the bargaining advantages enjoyed by bureaus, they will generally have budgets that are ____
a. are larger than optimal b. are smaller than optimal c. optimal d. unable to be characterized in a general manner
Which of the following correctly completes this statement? The monopolist's marginal revenue
A) will be greater than price. B) will be less than price. C) will be equal to price. D) will be greater than total revenues.
The Economic Development Minister of a country has a list of things she thinks may explain her country's low growth of real GDP per person relative to other countries. She asks you to pick the one you think most likely explains her country's low growth. Which of the following contributes to low growth?
a. poorly enforced property rights b. outward-oriented trade policies c. policies that permit foreign investment d. All of the above are correct.