Ceteris paribus, for the owner of a sawmill, lumber and the sawdust that go into particle board are
A. Unrelated in the sawmill operator's decision.
B. Substitutes in production.
C. Complements in production; by-products.
D. None of the choices are correct.
Answer: C
Economics
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A change in the reserve requirement is the tool used least often by the Fed because it:
A. Does not affect bank reserves. B. Can cause abrupt changes in the money supply. C. Does not affect the money multiplier. D. Has no impact on the lending capacity of the banking system.
Economics
Which aspects, if any, of monetarist or rational expectations theory have been integrated into mainstream macroeconomics?
What will be an ideal response?
Economics