By raising or lowering the ______, the Fed changes the cost of money for banks, which impacts the incentive to borrow reserves.

Printers laid off due to drop in demand for printed catalogues and flyers as firms go the internet to promote an advertise their products.  What type of unemployment occurred?

An increase in supply and decrease in demand results in

There are two policy tools that can be used to fine tune the economy and achieve macro economics goals of low inflation, low unemployment and economic growth.  These tools are entitled fiscal policy and monetary policy.  Mark all items that apply to fiscal policy.

Increase in the price of crude oil, increases or decreases the supply of gasoline?

The current population survey reports on:

What type of laws or tools lead to an point inside the production possibilities frontier?

Match the words to the correct definitions:

Select all that apply.  Which approache(s) can be used to maximize profit for a perfectly competitive firm?

Suppose the following data represent the market demand for college education: Tuition (per Year) 1000  2,000  3,000  4,000 5,000   6,000   7,000   8,000 Enrollment demanded (in millions) 16 15 14 13 12 11 10 9 If tuition is set at $3,000 and society gets an external benefit of $1,000 for every every enrolled student (for lets say, more informed voting). What is the socially optimal level of enrollments at the tuition price of $3,000? Enter your answer as a numeric value e.g. 15 no need to include any zeros