If you own a bond with a 3 percent coupon rate and new bonds are paying 8 percent, what will happen to your bond's market price?

Discount rate policy is ________ tool of the Fed in its attempts to influence ________, and thus the money supply

A) an unnecessary, the reserve-holding ratio B) an unnecessary, high-powered money C) a necessary, the reserve-holding ratio D) a necessary, high-powered money

A tannery discovers a technology that makes it cheaper to reduce the air pollution it generates in making paper. On a graph of the optimal level of air quality, the use of the new technology would be represented by

a. a leftward shift of the marginal social cost curve b. a rightward shift of the marginal social cost curve c. movement to the right along the marginal social cost curve d. movement to the left along the marginal social cost curve e. a downward shift of the marginal net benefit curve