Since the end of 2008, the Federal Reserve has adopted an unconventional monetary tool called
A) quantitative easing.
B) open market operation.
C) change required reserve ratio.
D) discount loan.
A
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An increase in the money supply will
A) decrease the quantity of money held at every interest rate. B) increase the quantity of money held at every interest rate. C) shift the LM curve leftward. D) None of the above.
Government price controls make communication of information between buyers and sellers more effective
a. True b. False Indicate whether the statement is true or false
Which of the following is a common resource?
a. Golden retrievers b. Jersey cows c. Domestic cats d. Panda bears
Collusive control over price may permit oligopolists to:
A. use new technology, achieve economies of scale, and get government subsidies. B. achieve economies of scale, reduce costs, and prevent price cheating. C. reduce uncertainty, increase profits, and possibly limit entry of new firms. D. increase product demand, increase product supply, and lower cost.