Which best characterizes the reason why electricity was deregulated?
A. Economies of scale
B. Foreign competition
C. X-inefficiency
D. New technology
Answer: D
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Which of the following policies would be most likely to reduce the rate of inflation?
a. sale of government bonds by the Federal Reserve b. a reduction in the discount rate c. an increase in the size of the federal budget deficit d. a reduction in the required reserves imposed on the banking system
If there is a decrease in demand for picture frames, we would expect
a. both the price and quantity sold to increase. b. both the price and quantity sold to decrease. c. the price to decrease and the quantity sold to increase. d. the price to increase and the quantity sold to decrease.
If the Fed wants to reverse the effects of a favorable supply shock on the inflation rate, it should
a. increase the money supply growth rate which also moves unemployment closer to its natural rate. b. increase the money supply growth rate, but this moves unemployment further from its natural rate. c. decrease the money supply growth rate which also moves unemployment closer to its natural rate. d. decrease the money supply growth rate, but this moves unemployment further from its natural rate.
Using cost plus pricing, what is the price if ATC = $14.50 and the target rate of return is 4 percent?
A. $15.10 B. $14.5 C. $49.34 D. $22.10