To decrease bank reserves, the Fed can
A) engage in an open market sale.
B) reduce reserve requirements.
C) lower the discount rate.
D) set a lower interest rate for term deposits.
A
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________ questions have to do with explanation and prediction; ________ questions have to do with what ought to be.
A. Negative; normative. B. Positive; negative. C. Affirmative; positive. D. Econometric; theoretical. E. Positive; normative.
Refer to Figure 17-1. If Dale can sell her doilies at $2 each, what is the marginal product of the 5th worker?
A) $28 B) 28 doilies C) $56 D) 14 doilies
The U.S. system of national income accounts was started in the
a. late 1800s to measure the effects of rapid industrialization b. mid-1910s to measure the effects of World War I on the economy c. early 1930s to keep track of national income and output d. early 1940s to keep track of output during World War II e. early 1950s to measure changes in post-World War II output and income
Property taxes are:
A. an automatic stabilizer because they vary with income. B. an automatic stabilizer because they do not vary with income. C. not an automatic stabilizer because they do not vary with income. D. not an automatic stabilizer because they vary with income.