Which of the following actions would the Federal Reserve System take to expand monetary policy:
A. Raise the Federal Discount Rate
B. Buy securities on the open market
C. Increase Reserve Requirements
D. Open additional financial institutions
B. Buy securities on the open market
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According to the new growth theory, ________ is the factor that motivates technological change
A) diminishing returns B) random chance C) decisions about how much human capital to acquire D) profit E) the replication of activities
Insufficient _____ can make regulation counterproductive
a. information b. funding c. monitoring d. time
Monopolists can earn positive economic profits in the long run because they are more productively efficient than perfectly competitive firms
a. True b. False
Points on the production possibilities frontier represent efficient levels of production
a. True b. False Indicate whether the statement is true or false