Which of the following government agencies enforces social regulation?
A. Environmental Protection Agency
B. Federal Reserve
C. Federal Deposit Insurance Corporation
D. Securities and Exchange Commission
Answer: A
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The Fed's control of the money supply is not precise because
a. Congress can also make changes to the money supply. b. there are not always government bonds available for purchase when the Fed wants to perform open-market operations. c. the Fed does not know where all U.S. currency is located. d. the amount of money in the economy depends in part on the behavior of depositors and bankers.
The marginal physical product of labor is equal to
A. Total output divided by the quantity of labor. B. The percentage change in total output divided by the percentage change in quantity of labor. C. The change in total revenue associated with one additional unit of input. D. The change in total output associated with one additional unit of labor.
What does the demand curve facing a monopoly look like? Why?
What will be an ideal response?
Refer to the above graph. Which factor will shift AS1 to AS2?
A. A decrease in business taxes. B. A decrease in business subsidies. C. An increase in real interest rates. D. An increase in input prices.