If the monetary base is directly controlled by the Federal Reserve, the supply of overnight money is
A. downward sloping.
B. vertical.
C. flat.
D. upward sloping.
Answer: B
You might also like to view...
Under the gold standard,
A. each nation had discretion over its monetary policy. B. trade-deficit nations had less control over their money supply than trade-surplus nations. C. trade-surplus nations had less control over their money supply than trade-deficit nations. D. no nation had control over its domestic monetary policy.
A corn-chip maker who buys September corn futures in May at the time she signs a contract with Safeway to deliver 1000 cases of corn chips each month for the next year is
A) competing against speculators, who profit from price fluctuations. B) increasing her risk from price fluctuations. C) reducing her risk from price fluctuations. D) reducing or increasing her risk from price fluctuations, depending on what subsequently happens to the price of corn.
All points above a given indifference curve are
A) inferior to any point on the indifference curve. B) preferred to any point on the indifference curve. C) definitely not affordable. D) Both answers Band C are correct.
Suppose a monopolist is able to charge each customer a price equal to that customer's willingness-to-pay for the product. Then the monopolist is engaging in
a. marginal cost pricing. b. arbitrage pricing. c. voodoo economics. d. perfect price discrimination.