If the Federal Reserve decided to raise interest rates, it could
a. buy bonds to lower the money supply.
b. buy bonds to raise the money supply.
c. sell bonds to lower the money supply.
d. sell bonds to raise the money supply.
c
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A) Sam pays $600 for 30 days of guitar classes. He attends an hour-long class every day. If, instead of attending class, he works at a part-time job, he would be paid $5 an hour. Or, he could work at a fast-food outlet and earn $9 per hour
Once he has already paid a nonrefundable fee of $600 to enroll in the class, what is his opportunity cost of attending each hour of class? b) Suppose workers decide to work more and consume less leisure when their hourly wage rate increases. What could explain this behavior?
An increase in ________ increases potential GDP and ________ aggregate supply
A) the money price of oil; decreases B) the money wage rate; decreases C) the money wage rate; increases D) technology; decreases E) technology; increases
A natural monopoly is one that deliberately erects entry barriers
a. True b. False Indicate whether the statement is true or false
If you receive $18 worth of pleasure from the first hole of golf played and your additional pleasure from succeeding holes drops $1 for each hole played. You must pay $25 up front to get on the course but you can then play as many holes as you like for the day without any further charge. How many holes of golf will you play?
A. 18 B. 9 C. 12 D. As many holes as can be played from dawn until dusk.