As the world economy becomes more integrated through globalization
A) the Fed will find it easier to conduct monetary policy.
B) the Fed will have a more difficult time reaching its money supply growth rate targets.
C) the Fed will rely less on open market operations and more on changing the required reserve ratio when conducting monetary policy.
D) U.S. interest rates will determine world interest rates.
B
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Which of the following is true about the relationships among various cost curves?
a. When MC exceeds ATC, ATC must be rising. b. When MC exceeds ATC, ATC could be rising or falling. c. When ATC is falling, MC must exceed ATC. d. When TC is rising, MC must exceed TC. e. TC falls when AFC falls.
When demand falls, the price charged by a monopoly under an average-cost pricing policy will fall.
Answer the following statement true (T) or false (F)