The above table shows the short-run total product schedule for the campus book store. When the fifth employee is hired, the marginal product is ________ and is ________ the average product

Which of the following will restore an economy to full employment, if it is operating below full employment due to a decrease in net exports?

A) A reduction in the investment in the economy B) A reduction in the demand for goods and services in the economy C) A decrease the real exchange rate D) An increase in the interest rate

If the Fed wanted to use all of its policy variables to increase the supply of money, which of following would it not do? a. Increase its open market purchases of government securities. b. Increase the required reserve ratio

c. Increase the interest rate it pays banks on bank reserves. d. It would not do b. or c.