The law of diminishing marginal returns explains the general shape of the firm's
a. long-run cost curves.
b. short-run cost curves.
c. both short-run and long-run cost curves.
d. The law of diminishing returns has nothing to do with cost curves.
B
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Policy activists can point to the volatility of ________ of private aggregate demand to score points in arguing for discretionary countercyclical policy
A) the consumption segment B) the consumption and net export segments C) the investment and net export segments D) none of the segments
If the Fed wanted to use all three of its major monetary control tools to decrease the money supply, it would:
A. buy bonds, reduce the discount rate, and reduce reserve requirements. B. sell bonds, reduce the discount rate, and reduce reserve requirements. C. sell bonds, increase the discount rate, and increase reserve requirements. D. buy bonds, increase the discount rate, and increase reserve requirements.