The relationship between the quantity of inputs and the quantity of outputs is called a:

Which of the following is true of protectionism?

A) It lowers prices for domestic consumers and increases social surplus. B) It increases prices for domestic consumers and also increases social surplus. C) It increases prices for domestic consumers and lowers social surplus. D) It lowers prices for domestic consumers and also reduces social surplus.

Which policy tool allows the Federal Reserve the greatest control over monetary policy?

A) the reserve requirement B) open market operations C) lender of last resort D) the discount rate