Alejandro Scoobertini owns a store specializing in soccer jerseys. In 2012, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for

There is an indifference curve through every bundle because of the assumption of

A) transitivity. B) completeness. C) rationality. D) nonsatiation.

If the Fed wanted to use all of its policy variables to decrease the supply of money, which of following would that include? a. Increasing its open market sales of government securities. b. Increasing the required reserve ratio

c. Decreasing the interest rate it pays banks on bank reserves. d. It would include all of the above.