Author Question: The long run demand curve for wheat is likely to be: a. more elastic than the short run demand ... (Read 75 times)

darbym82 · **on:** Jun 30, 2018

The long run demand curve for wheat is likely to be:
a. more elastic than the short run demand curve for wheat.
b. more inelastic the short run demand curve for wheat.
c. the same as the short run demand curve for wheat.
d. more inelastic than the short run supply of wheat.

Question 2

If the Fed wanted to reduce the federal funds interest rate, it might:
a. increase the discount rate.
b. increase the required reserve ratio.
c. buy government securities.
d. sell government securities.