Suppose we have the following information about a car manufacturer: car sales $1000M, steal purchases $600M, wages $300M, interest on business loans $50M, and profits $50M. What is its contribution to GDP using the product approach?

Which of the following is NOT one of the Fed's monetary policy tools?

A) last resort loans B) the required reserve ratio C) the income tax rate D) buying and selling U.S. government securities

When the price of only one good rises, the relative price of that good

A) falls. B) rises. C) does not change. D) rises if it is a normal good and falls if it is an inferior good.