The graph that relates hours of labor input to output is called the
A. consumption function.
B. conjunction function.
C. capital function.
D. production function.
Answer: D
Economics
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The Keynesian mechanism through which monetary policy affects the price level, real GDP, and employment depends on the impact of the:
a. interest rate on savings. b. inflation on investment. c. interest rate on investment. d. interest rate on bond prices.
Economics
Which of the following policy actions by the Fed would cause the money supply to decrease?
a. A decrease in required reserve ratios. b. An open-market purchase of government securities. c. A decrease in the discount rate. d. An increase in the discount rate.
Economics