Cash payments for steel to be used in production would be an example of

What would be a way for the Federal Reserve to slow down the economy when it is growing too quickly or is inflationary?

A) print more money B) encourage the stock market C) sell more government bonds D) buy back government bonds on the open market

Margaret can use her quarterly savings to buy a teakwood study table for her room or spend it on a small Christmas party with her family. The _____ cost of her enjoyment at the Christmas party would then equal the forgone utility of the study table

a. transaction b. exchange c. opportunity d. direct e. sunk