In the short run, if a firm produces nothing, total costs are zero

Which of the following does the federal reserve use most often to combat a recession?

a) selling securities b) buying securities c) reducing reserve requirement d) increasing discount rate e) increasing federal funds rate

Which of the following is a correct reason for stating that the United States has a fiduciary monetary system? I. Our money is convertible to a fixed amount of silver or gold. II. Our money has a predictable value

A) I only B) II only C) Both I and II D) Neither I nor II