The Fed engages in open market operations and sells government securities. The result is..
What will be an ideal response?
a higher federal funds rate
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Refer to the figure above. A change in the budget constraint from B2 to B3 indicates:
A) a decrease in the price of jeans. B) a decrease in the price of sweaters. C) an increase in the consumer's income. D) a decrease in the consumer's income.
When new farmers enter the wheat industry, the equilibrium price of wheat
A. always falls. B. falls only if existing firms gang up on the entrant. C. falls only if existing firms are earning no economic profit. D. falls only if the new firm is more efficient than existing firms.
__________ rights refer to the range of laws, rules, and regulations that define rights for the use and transfer of resources
A) Individual B) Constitutional C) Property D) Economic E) none of the above
Exhibit 12-3 Unemployment categories CategoryWorkers Frictional unemployment250 Structural unemployment350 Cyclical unemployment600 Discouraged workers400 Underemployment450 According to data in Exhibit 12-3 and assuming the total number people working is 8,400, the civilian labor force is
A. 7,550. B. 9,600. C. 8,400. D. 8,800.