In the short run, firms can enter an industry but not exit an industry.

A decline in the price of a bond causes the yield of the bond to

A) rise. B) fall. C) remain unchanged. D) rise if it's a short-term bond, fall if it's a long-term bond.

The Fed can raise the discount rate when it wants to:

A. decrease the money supply. B. increase the money supply. C. decrease the budget deficit. D. increase the budget deficit.