If the Federal Open Market Committee decides to decrease the money supply, it will
a. sell government bonds.
b. purchase corporate bonds.
c. purchase government bonds.
d. reduce interest rates.
a
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Productivity gains on southern cotton plantations were due to:
a. improved varieties of seeds. b. use of the gang system. c. longer work hours. d. All of the above. e. Both a and b are correct.
A health club sells 50 memberships when the monthly price is $60 and 70 memberships when the monthly price is $40 . The price elasticity of demand for memberships at this health club is (using the average values method):
a. 0.25. b. 0.6. c. 1.0. d. 1.1. e. 0.83
Which statement is true?
A. One basis for monopoly is control over an essential resource. B. All forms of a monopoly are illegal in the United States. C. Economies of being established is the same as economies of scale. D. General Motors is a monopoly.
________ emphasized that animal spirits affect GDP
A) Adam Smith B) Milton Friedman C) David Ricardo D) John Maynard Keynes