Regulation that is based on allowing prices to reflect only the actual operating cost of production is known as
A) average cost regulation.
B) marginal cost regulation.
C) rate-of-return regulation.
D) cost-of-service regulation.
Answer: D
Economics
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Open market operations are when the Fed buys or sells
A) government securities from the government. B) corporate securities from banks or some other business. C) government securities from banks or some other business. D) corporate securities from the government. E) gold.
Economics
In the basic closed-economy ISLM model, the goods market equilibrium condition is
A) output = consumption + investment + government spending. B) output = consumption + investment + government spending - tax. C) output = consumption + investment + government spending + net export. D) output = potential output.
Economics