Author Question: The imaginary figure who advises us whether society is making the most of its scarce resources is ... (Read 82 times)

james0929 · **on:** Jun 29, 2018

The imaginary figure who advises us whether society is making the most of its scarce resources is the

A) opportunity-cost pixie.
B) benevolent social planner.
C) scarcity goddess.
D) compassionate dictator.

Question 2

When the Fed fears inflation, the Fed ________ government securities, so that the federal funds rate ________ and the quantity of money ________.

A) buys; rises; decreases
B) sells; falls; increases
C) buys; falls; increases
D) sells; falls; decreases
E) sells; rises; decreases