If cost of factor of production falls, what happens to marginal cost curve (MC)
MC curve slopes
MB curve slopes
the opportunity cost of a city block being used as a parking lot is
Satisfaction from consuming goods or services is
utility refers to
Economic resources are:
Resources are classified as
three basic functions of money
in runaway inflation
two components of the M1 money supply
largest component of M1
Component of M1 that is legal tender
What near monies are included in the M2 money supply?
what percent of the M1 money supply is currency?
There is no concrete backing to the money supply in the US T or F
Who is responsible for maintaining moneys purchasing power?
The purchasing power of money is inversely related to
The chairperson of the Federal Reserve Board is selected by the
The federal reserve board of governors does what?
The FOMC includes
Who has a permanent seat on the FOMC?
The FOMC does what
Other than its main role of controlling the supply of money, the functions of the Federal Reserve include
Mortgage backed securities were one of the factors that exacerbated the financial crisis of 2007-2008 because they
American International Group (AIG) exacerbated the financial crises of 2007-2008 by
Taking out cash from a checking account causes M1 to
Taking more risks when you know you're insured is known as