Which of the following actions by the Fed would increase the money supply?
a. Increasing the required reserve ratio.
b. Selling government bonds in the open market.
c. Increasing the discount rate.
d. Reducing the required reserve ratio.
d
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The market supply curve can be derived by
A) vertically adding the individual supplies at each quantity level. B) multiplying the price and quantity supplied at each price level. C) horizontally adding the individual supplies at each price level. D) looking at the capacity utilization in the largest firms in the industry.
Crowding out suggests that debt promotes overconsumption
Indicate whether the statement is true or false
In the former Soviet Union, nearly all resources were owned by
A. the government. B. business firms. C. individuals. D. foreigners.
The short-run shutdown price for a perfectly competitive firm is where price equals
A. MR. B. minimum ATC. C. AR. D. minimum AVC.