When the Fed is ________ it is ________
A) adjusting the amount of money in circulation; issuing government bonds
B) issuing government bonds; conducting monetary policy
C) adjusting the amount of money in circulation; conducting monetary policy
D) regulating the nation's financial institutions; conducting monetary policy
C
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Rapid economic growth:
A. is a modern phenomenon, happening only in the last century or two. B. has happened in various places around the world since the 1300s. C. has occurred since 1500, but backsliding has prevented real growth. D. is a modern phenomenon, happening only this year.
The demand curve for capital is downward sloping because of the increasing marginal cost of capital
a. True b. False Indicate whether the statement is true or false
Consumer surplus is the cumulative difference between:
A. consumers' incomes and consumers' expenditures. B. the suggested retail price and the price consumers actually pay. C. the amount consumers are willing to pay and the price they actually pay. D. consumers' savings and consumers' expenditures.
A vertical aggregate supply curve favors which of the following policies?
A. Discretionary policy B. Fiscal policy C. The Fed's eclecticism D. Fixed rules