Which of the following policy actions by the Fed would cause the money supply to decrease?

a. An open-market purchase.
b. A decrease in required reserve ratios.
c. A decrease in the discount rate.
d. None of these.

d

Economics

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Typically, in towns and villages across the Midwest, bowling alleys are one-story buildings. In Manhattan, one is more likely to bowl in alleys found in multi-story high rises. Why?

A) Because Midwesterners live on flat lands, they think flat and build flat. B) The bowling cultures are different. C) The cost of building single-story bowling alleys in Manhattan is too high. D) Midwestern zoning codes must prohibit bowling alleys in multi-story structures.

Economics

"A good cannot be both land- and labor-intensive." Discuss

What will be an ideal response?

Economics