The law of increasing opportunity cost is associated with the slope of the:

It is essential to establish specific criteria to judge the performance of any economic system. Two such criteria are

A) efficiency and equity. B) profit opportunities and technological progress. C) efficiency and profit opportunities. D) technological progress and achieving general equilibrium.

Suppose the Fed conducts an open market purchase. We can expect this transaction to

A) reduce the money supply, increase bond prices, and lower interest rates. B) increase the money supply, lower bond prices, and lower interest rates. C) increase the money supply, raise bond prices, and lower interest rates. D) reduce the money supply, reduce bond prices, and increase interest rates.