Which of the following is an appropriate monetary policy if the Fed wants to increase the money supply?

A. an increase in the required reserve ratio
B. an increase in the discount rate
C. purchases of bonds in open market operations
D. an increase in taxes on interest income

Answer: C

Economics

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Based on the production and revenue data in the above table, what is the marginal product of the 4th worker?

A) 28 B) 6 C) 4 D) 2

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When markets reach the ____ price all the opportunities for mutually beneficial trade have taken place and the sum of consumer and producer surplus is ____

a. minimum, maximized b. maximum, minimized c. equilibrium, maximized d. equilibrium, shared equally between consumers and producers

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