Which of the following is not a basic monetary policy tool used by the Fed?
A. The discount rate.
B. The reserve requirement.
C. Taxes.
D. Open-market operations.
C. Taxes.
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Summarize the characteristics of a perfectly competitive market
What will be an ideal response?
The specific oligopolistic model used in a market
A) depends on the pricing structure of the good or service sold. B) depends on the characteristics of the market, such as time horizon for competition. C) is usually a Cournot model, unless cartels are illegal. D) All of the above.
Which of the following do economists generally agree is an unacceptable method of bringing aggregate demand and supply into equilibrium?
A. Increases in the supply of money B. Inflation C. Deflation D. Increases in the government deficit
Assuming that good "x" is measured on the x-axis and good "y" is measured on the y-axis, if the utility for the two goods "x" and "y" can be measured as U = y, then it can be concluded that
A) "x" and "y" are perfect complements. B) "x" is a "bad". C) the indifference curves on the x,y graph are upward sloping. D) the indifference curves on the x,y graph are horizontal.