If the Federal Reserve uses open market operations to offset a recession, the Fed ________ government securities in order to ________ the federal funds rate

If a straight line passes through the point x = 24 and y = 8 and also through the point x = 8 and y = 16, the slope of this line is

A) negative 8 divided by 4. B) seven-tenths. C) negative one-half. D) one and one-half.

Refer to the accompanying figure. This economy would be operating at point B if:

A. the opportunity cost of making milk were higher than the opportunity cost of making movies. B. the opportunity cost of making movies were higher than the opportunity cost of making milk. C. it was operating efficiently. D. resources that are better-suited to making movies were being used to make milk, while resources that are better-suited to making milk were being used to make movies.