A scatter diagram could help a policy maker decide on the size of a tax cut necessary to increase consumer expenditures by a certain amount.
Answer the following statement true (T) or false (F)
True
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Why did fewer state banks choose to become or remain members of the Federal Reserve System during the 1960s and 1970s?
A) Nominal interest rates rose. B) The required reserve ratio rose. C) The discount rate rose. D) Open market operations declined.
Economic policies often have effects that their architects did not intend or anticipate
a. True b. False Indicate whether the statement is true or false
When the federal reserve sells bonds as a part of a contractionary monetary policy, there is:
A. A decrease in the money supply and a decrease in interest rate B. A decrease in the money supply and an increase in interest rate C. An increase in the money supply and a decrease in interest rate
The law of diminishing marginal utility states that
A. Marginal utility always falls to zero after two or three units of a good consumed. B. As a consumer enjoys successive units of a good, eventually marginal utility will fall. C. The total utility of consuming the next unit of a good falls. D. The total utility of a good rises at a fast rate as more units of a good are consumed.