When the Fed sells a government security to the public, how does it usually receive payment for the security?
A. By accepting checks on bank accounts
B. By drawing money out of circulation
C. By decreasing member bank profits not distributed by the Fed
D. By decreasing reserves in bank accounts at the Fed
Answer: A
Economics
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Marginal cost is the _______________in variable costs that comes from using additional factors of production.
Fill in the blank(s) with the appropriate word(s).
Economics
Paul's monthly income decreased from $2,500 to $2,300. As a result, he decreased the number of DVDs he rents per month from 5 to 4. Paul's demand for DVD rentals is
A) price elastic. B) price inelastic. C) income elastic. D) income inelastic.
Economics