1.The PPF between goods X and Y will be a downward-sloping straight line if constant opportunity costs...
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Question:
1.The PPF between goods X and Y will be a downward-sloping
straight line if constant opportunity costs exist. | ||
straight line if decreasing opportunity costs exist. | ||
curve that is bowed outward if decreasing opportunity costsexist. | ||
curve that is bowed outward if constant opportunity costsexist. |
2.
Suppose that the Federal Reserve lowers the required reserveratio. This is an example of
expansionary fiscal policy. | ||
expansionary monetary policy. | ||
contractionary fiscal policy. | ||
contractionary monetary policy |
3.
There are __________________ members of the Board of Governorsof the Federal Reserve. They are appointed by the Presidentto serve a _________________ year term.
7; 14 | ||
7; 12 | ||
12; 14 | ||
14; 1 |
Related Book For
Managerial Economics and Business Strategy
ISBN: 978-0071267441
7th Edition
Authors: Michael R. baye
Posted Date: