If total output in an economy is $600,000 and the total work-hours in the economy are 40,000, labor productivity is:

List and describe the three major monetary policy tools the Federal Reserve can use to increase the money supply. Be specific in your response regarding which direction the tool would need to change in order for the money supply to grow

Economists say that money serves as a medium of exchange, they mean that it is:

A. a way to keep wealth in a readily spendable form for future use. B. a means of payment. C. a monetary unit for measuring and comparing the relative values of goods. D. declared as legal tender by the government.