If the Fed's policy is contractionary, it will
A) use open market operations to sell Treasury bills.
B) lower the reserve requirement.
C) use open market operations to buy Treasury bills.
D) lower the discount rate.
A
You might also like to view...
Implicit costs are
A. always greater in the short run than in the long run. B. composed entirely of variable costs. C. opportunity costs of using owned resources. D. equal to total fixed costs.
If the opportunity cost of working outside the home increases then it is likely that ________ assuming all else equal
A) there will be a rightward shift in the labor supply curve. B) there will be a downward movement along the labor supply curve. C) there will be a leftward shift in the labor supply curve. D) there will be an upward movement along the labor supply curve.
Henry David Thoreau faced a choice: Stay in the village of Concord or move out to Walden Pond. He decided to move to Walden. What was his" opportunity cost"?
A) There was no opportunity cost if he didn't pay rent for his cabin on Walden Pond. B) The satisfaction he would have enjoyed were he to stay in Concord C) The sweat and toil of building his own cabin and living off the land at Walden Pond D) There was no opportunity cost, because he made a free and voluntary decision to live the way he preferred to live.
The historical record for the United States since 1900 shows
A) mostly positive economic growth, with two substantial periods of negative economic growth. B) economic growth for about half the years and economic decline for the other half. C) growth until 1970 and then a period of constant per capita real GDP. D) continuous economic growth, although at different rates, throughout the entire century.