The Federal Reserve cannot target both the money supply and the interest rate because it does not control
A) bank reserves.
B) money demand.
C) the discount rate.
D) open market operations.
Answer: B
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Refer to the Article Summary. If the 12 nations that are a part of the TPP do not agree to these stricter pharmaceutical patent laws as a way to increase intellectual property rights and ignore any international agreements which do protect these
intellectual property rights, which of the following would most likely occur? A) More patents would be issued to pharmaceutical companies. B) Pharmaceutical companies would consider expanding operations to these TPP nations. C) More dollars would be spent on the development of new medicines. D) Pharmaceutical companies would decrease investment in the development of more experimental drugs.
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A. Full B. Relative C. Absolute D. Partial
Which type of cost does not depend on a firm's output?
A. fixed cost B. total cost C. variable cost D. marginal cost