If the Federal Reserve uses open market operations to offset a recession, the Fed ________ government securities in order to ________ the federal funds rate
A) buys; not change
B) sells; raise
C) sells; lower
D) buys; lower
E) buys; raise
D
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Suppose Jordan and Lee are trying to decide what to do on a Friday. Jordan would prefer to see a comedy while Lee would prefer to see a documentary. One documentary and one comedy are showing at the local cinema. The payoffs they receive from seeing the films either together or separately are shown in the payoff matrix below. Both Jordan and Lee know the information contained in the payoff matrix. They purchase their tickets simultaneously, ignorant of the other's choice. 
Which of the following statements is true?
A. Jordan does not have a dominant strategy. B. For Jordan, seeing a comedy is a dominant strategy. C. Jordan's dominant strategy depends on Lee's choice. D. For Jordan, seeing a documentary is a dominant strategy.
Suppose you run a charity that raises money for a worthy public good. Your donors may be concerned about how much of each dollar that is raised is put back into more fund-raising. a. Suppose the marginal product of a dollar put into fundraising is initially increasing but eventually diminishing. How much will the last dollar spend on fundraising raise?
b. If everyone considers their own contribution to this charity as the marginal contribution, what will be their impression of how much they are really helping the public good? c. Would you expect your answer to (b) to make it harder for you to raise money for your charity? d. How might your answer to (c) explain why some charities make a point of informing people that they have placed a cap on their fund raising budget -- or that they have placed a cap on how many people will be approached during the fund raising campaign? What will be an ideal response?
The primary goal of economics is to help people make money
a. True b. False Indicate whether the statement is true or false
Which of the following is true of sub-Saharan Africa?
a. The poverty rate in the region is low. b. The region has received more foreign aid than any other area of the world. c. Most of the countries in the region rank among the freest economies in the world. d. The poverty rate in the region is the lowest of any region in the world, and the rate has declined sharply during the past quarter of a century.