Discrimination occurs when a group of people have different opportunities because of characteristics that have nothing to do with their individual abilities
a. True
b. False
A
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Explain what is meant by the phrase "a bank's balancing act."
What will be an ideal response?
"Monetary policy can be described either in terms of the money supply or in terms of the interest rate.". This statement amounts to the assertion that
a. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate. b. the activities of the Federal Reserve's bond traders are irrelevant if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate.
Radon Research Corporation (RRC) is one of 24 firms in Albuquerque testing homes for dangerous levels of radon gas. There is a standard test that all testing companies use. The manager of RRC wants to know the number of homes to test in 2015 in order to maximize the firm's profit. The manager forecasted a price of $160 for radon tests in 2015. The firm's marginal cost was estimated asSMC = 200 ? 15Q + 0.8Q2where Q is the number of tests performed each week. RRC's fixed cost will be $250 per week. How many radon tests per week should be undertaken?
A. 16.8 B. 15.5 C. 12.5 D. 20 E. 17.3
Which event would most likely increase aggregate demand?
A. A decrease in the price level that results in a foreign purchases effect. B. A depreciation of the dollar. C. An appreciation of the dollar. D. A decrease in the national incomes in foreign nations.