Suppose the demand function for a good is expressed as Q = 100 - 4p. If the good currently sells for $10, then the point price elasticity of demand equals

The government agency that oversees the banking system and is responsible for the conduct of monetary policy in the United States is

A) the Federal Reserve System. B) the United States Treasury. C) the U.S. Gold Commission. D) the House of Representatives.

Aggregate supply increases when:

a. wage rates decrease while the economy's price level remains unchanged. b. resource availability is reduced. c. there are fewer workers. d. there is less capital and the price level remains unchanged. e. there are increased inflationary expectations of labor.