A decrease in the incomes of people who buy canoes would cause the demand for canoes to decrease

To increase the money supply, the Federal Reserve could

A) decrease income taxes. B) raise the required reserve ratio. C) raise the discount rate. D) lower transfer payments. E) conduct an open market purchase of Treasury securities.

Increasing marginal returns always occurs when the

A) marginal product of an additional worker exceeds the marginal product of the previous worker. B) average product of an additional worker exceeds the average product of the previous worker. C) marginal product of an additional worker is less than the marginal product of the previous worker. D) average product of an additional worker is less than the average product of the previous worker. E) marginal product of an additional worker exceeds the average product of the previous worker.