Which of the following actions by the Fed would increase the money supply?
A. reducing the required reserve ratio
B. selling government bonds in the open market
C. increasing the discount rate
D. increasing the income tax rate
Answer: A
Economics
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Jose gets utility from the goods he consumes and also the income he earns. His utility function is given by U(q1,q2 ) = q1q2Y Derive Jose's demand equations
Does the fact that he derives utility directly from income affect his consumption in this case?
Economics
From 1900 to 1960, Latin America's real GDP grew
A) slower than Europe, Asia, and the U.S. B) as fast or faster than Europe, Asia, and the U.S. C) faster than Europe and the U.S. but slower than Asia. D) faster than Asia, but slower than Europe and the U.S.
Economics