In managing the monetary base, the Fed most often uses
A) open market purchases.
B) printing money.
C) discount loans.
D) tax increases.
A
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Using the data in the above table, if the price of an hour of labor is $20 and the price of a unit of capital is $10, then the most economically efficient technique for producing 100 sweaters is
A) A. B) B. C) C. D) D.
Economics is a part of the
A) social sciences. B) natural sciences. C) biological sciences. D) organizational sciences.
Suppose the Organization of Petroleum Exporting Countries (OPEC) sharply increased the price of oil, which triggered higher inflation rates in the United States. This type of inflation is best classified as:
a. pseudo-inflation. b. demand-pull inflation. c. cost-push inflation. d. hyperinflation.
Refer to the above table. If the price of a hamburger is $2, the price of a concert ticket is $60, and the consumer has $128, what is the consumer optimum?
A. 2 hamburgers and 2 concerts B. 3 hamburgers and 2 concerts C. 4 hamburgers and 2 concerts D. 2 hamburgers and 3 concerts