Which of the following is a monetary policy tool used by the Federal Reserve Bank?
A. Decreasing the rate at which banks can borrow money from the Federal Reserve
B. Increasing the reserve requirement from 10% to 12.5%
C. Buying 500 million worth of government securities, such as treasury bills
D. All of the above
Ans: D. All of the above
Economics
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Which of the following examples shows a firm that probably has a monopoly?
a. Birchfield, Inc. exits its market after many other firms enter it. b. After five years, Samson, Inc’s marginal revenue equals its marginal cost. c. BRV, Inc.’s economic profits gradually decline over six years until they reach zero. d. Mongul, Inc. makes large profits for ten years.
Economics
Technically, our balance of payments always has a balance of __________.
Fill in the blank(s) with the appropriate word(s).
Economics