This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Refer to Table 15-2. Consider the hypothetical information in the table above for potential real ... (Read 41 times)

laurencescou

  • Hero Member
  • *****
  • Posts: 593
on: Jun 29, 2018
Refer to Table 15-2. Consider the hypothetical information in the table above for potential real GDP, real GDP, and the price level in 2016 and in 2017 if the Federal Reserve does not use monetary policy.
 
  If the Fed wants to keep real GDP at its potential level in 2017, it should
  A) increase income taxes. B) sell Treasury securities.
  C) increase the required reserve ratio. D) buy Treasury securities.

Question 2

Refer to Figure 4-4. The figure above represents the market for iced tea. Assume that this is a competitive market. At an output of 30,000 units
 
  A) the marginal benefit of iced tea is greater than the marginal cost; therefore, output is inefficiently low.
  B) producers should raise the price to 3 in order to sell the quantity demanded of 30,000.
  C) the marginal cost of iced tea is greater than the marginal benefit; therefore, output is inefficiently high.
  D) the marginal benefit of iced tea is greater than the marginal cost; therefore, output is inefficiently high.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

af

  • Sr. Member
  • ****
  • Posts: 356
Reply #1 on: Jun 29, 2018
Answer to Question 1

D

Answer to Question 2

C


laurencescou

  • Member
  • Posts: 593
Reply 2 on: Jun 29, 2018
Excellent

juliaf

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Sperm cells are so tiny that 400 to 500 million (400,000,000–500,000,000) of them fit onto 1 tsp.

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Sharing patient information with colleagues is an important nursing role Sharing patient information with colleagues is an important nursing role
Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four Table 6.1 illustrates the main regime types and their differences. It breaks the regimes into four
Use a step stool to help an infirm client get on and off the table. Use a step stool to help an infirm client get on and off the table.
How to solve an exponential problem using a table of values (Question 2) How to solve an exponential problem using a table of values (Question 2)
table table
Resting Membrane Potential Resting Membrane Potential
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library