If the Fed reduces the money supply, there will be a decline in
a. government purchases
b. unemployment
c. purchases of consumer durables
d. demand for bonds
e. deflationary pressures
C
Economics
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Arnie's Airlines decides to offer different fares to different customers for the same tri
A) wants to convert consumer surplus to deadweight loss. B) wants to help some buyers with lower fares. C) has different costs for the same flight. D) wants to convert consumer surplus to economic profit. E) wants to convert producer surplus to consumer surplus.
Economics
The slope of the total product curve always equals
A) the ratio of the marginal product and the average product. B) the change in input divided by the change in output. C) the average product of the input. D) the marginal product of the input.
Economics