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Author Question: If a cut in prices decreases total revenue in the short run, what will it do to total revenue in the ... (Read 117 times)

rmenurse

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on: Jun 30, 2018
If a cut in prices decreases total revenue in the short run, what will it do to total revenue in the long run?
 a. It will decrease total revenue in the long run.
 b. It will increase total revenue in the long run.
 c. It will leave total revenue unchanged in the long run.
  d. Any of the above results are possible in the long run.

Question 2

Which is potentially the most powerful tool available to the Fed to control the supply of money?
 a. open market operations
 b. moral suasion
 c. changes in reserve requirements
  d. discount rate changes


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annierak

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Reply #1 on: Jun 30, 2018
Answer to Question 1

d

Answer to Question 2

c


rmenurse

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Reply 2 on: Jun 30, 2018
:D TYSM

coreycathey

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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