When the European System of Central Banks uses long-term refinancing operations, it is similar to the Federal Reserve using
A) dynamic open market operations.
B) defensive open market operations.
C) discount policy.
D) reserve requirements.
A
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How might a problem like the Bird Flu which can make thousands of birds sick and scare consumers about possible problems with eating items like chicken or eggs affect the market for chicken?
A. Price increases and quantity is indeterminate B. Quantity increases and price is indeterminate C. Quantity decreases and price is indeterminate D. Price decreases and quantity is indeterminate
Which of the following is an action taken by many lobbyists?
a. Contributing to the campaigns of legislators b. Writing and editing federal legislation c. Identifying pork-barrel spending issues d. Petitioning for a change in voting cycles
An increase in the value of the marginal product of labor has the effect of increasing the
a. demand for labor. b. wage. c. quantity of labor employed. d. All of the above are correct.
The principle that irrelevant detail should not be included in a model is known as
A. Ockham's razor. B. normative economics. C. ceteris paribus. D. a fallacy.