Reducing environmental pollution beyond the socially optimal amount increases society's welfare
a. True
b. False
Indicate whether the statement is true or false
False
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Assume you are the owner of a delivery service company with a large fleet of trucks and drivers. Each of your drivers is allowed two thirty-minute breaks per day. However, some of them take longer breaks than your policy allows
You find out about this problem only by accident when you heard a couple of employees discussing during a morning coffee break. What kind of a problem is this for you from an economic point of view and what methods might you employ to mitigate this problem?
The money supply is determined
a. only by the Fed. b. by the Fed and banks. c. by the Fed, banks, and the public. d. by congress. e. by the President.
If the Fed wanted to prevent a change in money demand from affecting real GDP, which of the following rules would be feasible and allow the Fed to attain its goal?
a. Keep government spending constant b. Keep the money supply constant c. Keep money demand constant d. Keep taxes constant e. Keep the interest rate constant
The interest rate that a commercial bank pays when it borrows from the Fed is the __________ rate
A) discount B) exchange C) federal D) bank