Which of the following is not a function of the Federal Reserve System?
a. limiting the national debt
b. setting the required reserve ratio for the deposit holdings of depository institutions
c. buying and selling government bonds to control the size and growth rate of the money supply
d. controlling inflation
a
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If one producer has control over an entire market and underproduces, the producer will
A) increase producer surplus by lowering pollution costs. B) increase consumer surplus by lowering producer surplus. C) increase both consumer and producer surplus. D) create a deadweight loss. E) decrease the deadweight loss that would exist if the market were efficient.
Which of the following will always cause a reduction in net exports?
A) an increase in domestic output B) a reduction in the real exchange rate C) a reduction in government spending D) a reduction in investment E) all of the above