When the Chairman of the Board of Governors explains in a television interview that the Fed hopes banks show more restraint in providing consumer credit because inflation is a problem, he is attempting to use
a. indirect theory instead of direct policy
b. reason over passion in money matters
c. selective media information
d. moral suasion
e. the paradox of thrift
D
Economics
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Households receive transfers from ________ and firms receive transfers from ________
A) government; government B) firms; households C) government; government and households D) firms and government; government E) government; no one
Economics
When a firm experiences declining long-run average total costs as it produces more output, there are
A) increasing marginal returns to variable inputs. B) economies of scale. C) diseconomies of scale. D) constant returns to scale.
Economics