With consumption on the vertical axis and leisure on the horizontal axis, the slope of the budget line is equal to

The purchase of Treasury securities by the Federal Reserve will, in general,

A) increase the quantity of reserves held by banks. B) decrease the quantity of reserves held by banks. C) not change the money supply. D) not change the quantity of reserves held by banks.

The labor theory of value

A) is what economists believe determines prices today. B) says that wages must always be greater than prices. C) says that the price of a good is determined by the amount of labor required to produce it. D) All of the above.