question archive 1 The PPF between goods X and Y will be a downward-sloping straight line if constant opportunity costs exist
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1 The PPF between goods X and Y will be a downward-sloping
straight line if constant opportunity costs exist. |
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straight line if decreasing opportunity costs exist. |
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curve that is bowed outward if decreasing opportunity costs exist. |
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curve that is bowed outward if constant opportunity costs exist. |
2.
Suppose that the Federal Reserve lowers the required reserve ratio. This is an example of
expansionary fiscal policy. |
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expansionary monetary policy. |
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contractionary fiscal policy. |
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contractionary monetary policy |
3.
There are __________________ members of the Board of Governors of the Federal Reserve. They are appointed by the President to serve a _________________ year term.
7; 14 |
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7; 12 |
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12; 14 |
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14; 1 |
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