When prices rise
a. the rich benefit at the expense of the poor.
b. the poor benefit at the expense of the rich.
c. both the rich and poor lose real income.
d. the effect in the rich and poor is uncertain.
d
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The market demand for wheat is ________ and the demand for wheat produced by an individual farm is ________
A) perfectly elastic; perfectly inelastic B) not perfectly elastic; perfectly elastic C) not perfectly inelastic; inelastic D) elastic; unit elastic
The quantity supplied of loanable funds
a. is inversely related to the rate of interest b. is directly related to the rate of interest c. affects a firm's MRP of capital d. affects a firm's MPP of capital e. affects the price of the good
Which of the following policies could the Fed use to lower the interest rate?
A. a tax cut B. selling government securities C. raising the discount rate D. reducing the required reserve ratio
Which of the following are goals of monetary policy?
A) maximizing the value of the dollar relative to other currencies, economic growth, and high employment B) price stability, maximizing the value of the dollar relative to other currencies, and high employment C) price stability, economic growth, and high employment D) price stability, economic growth, and maximizing the value of the dollar relative to other currencies