If the economy slips into recession, the Fed ________ the federal funds rate, which ________ the short-term interest rate, and ________ the quantity of money
A) lowers; lowers; decreases
B) raises; lowers; increases
C) raises; lowers; decreases
D) lowers; lowers; increases
E) lowers; raises; increases
D
Economics
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Which of the following legal subjects is most concerned with the economic function of the legal system?
A) criminal law B) public goods C) antitrust legislation D) civil rights
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A firm experiences diminishing marginal returns because:
A. all factors of production are variable. B. people "learn by doing." C. all factors of production are fixed. D. at least one factor of production is fixed.
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