Which of the following are policy tools used by the Federal Reserve? i. the federal personal income tax ii. open market operations iii. changing the required reserve ratio

For a given market demand curve, if the market clearing price increases, then the amount of producer surplus will

A) decrease. B) increase. C) become negative. D) none of the above due to insufficient information.

Which of the following is an in-kind transfer payment?

a. Medicaid b. Social Security c. workers' compensation d. unemployment insurance e. Temporary Assistance to Needy Families