Fernando decides to buy more land for his avocado farm. Which of the following situations most likely triggered his decision?

Which of the following policy actions by the Fed would cause the money supply to decrease?

a. An open-market purchase. b. A decrease in required reserve ratios. c. A decrease in the discount rate. d. None of these.

Avner is maximizing total utility by buying sports magazines and protein supplements. For him to buy more sports magazines

A) the price of protein supplements has to fall. B) the price of sports magazines has to fall. C) the price of sports magazines has to rise. D) Since Avner is maximizing his utility, nothing can change the consumption of sports magazines.