Author Question: The extent to which output responds to all inputs is referred to as a. incremental capital-output ... (Read 81 times)

renzo156 · **on:** Jun 30, 2018

The extent to which output responds to all inputs is referred to as

a. incremental capital-output ratio
b. returns to scale
c. indivisibilities
d. gestation period
e. none of the above

Question 2

Suppose that the Federal Reserve issued bonds in the amount of 45 million and the reserve requirement was 10, what would be the resulting change to the monetary base?

A) 45 million
B) 450 million
C) 4.5 million
D) The bond issuance would not impact the monetary base only the money stock.