The Fed tries to prevent major financial crises through its control of financial markets
a. True
b. False
Indicate whether the statement is true or false
True
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The figure below shows the supply and demand curves for oranges in Smallville. 
The marginal buyer values the tenth pound of oranges at ________.
A. $12 B. $8 C. $4 D. $0
If a 20 percent increase in the price of a used car results in a 10 percent decrease in the quantity of used cars demanded, then the price elasticity of demand equals
A) 0.5. B) 1.0. C) 2.0. D) 10.0.
Output per person is 170 in an economy in which 15 percent of the population are engaged in research and development, where their productivity is 0.002, and the total population size is 100 million
If this economy is on a balanced growth path, then output per person in the next period will be ________. A) 175.1 B) 195.5 C) 176.2 D) 177.3