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Author Question: Refer to Figure 15-17. You are a member of a student government and are asked to recommend a price ... (Read 57 times)

newyorker26

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on: Jun 29, 2018
Refer to Figure 15-17. You are a member of a student government and are asked to recommend a price for the course and you argue: I think the college should charge a price so that it just breaks even on the course.
 
  How much profit (or loss) will the college make on the course if it charges this price?
  A) -2,592,000 B) -1,080,000 C) 0 D) 450,000

Question 2

Which of the following will lead to a decrease in the equilibrium interest rate in the economy?
 
  A) a decrease in GDP
  B) an increase in the reserve requirement
  C) an increase in the price level
  D) a sale of government securities by the Fed
  E) an increase in the discount rate


Ddddd

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

A


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