The three parts of the Federal Reserve System are the Reserve Banks, the Federal Open Market Committee (FOMC), and the:

Olga buys a bag of potato chips every day after her economics class. The first potato chip always tastes wonderful. The second does not taste quite as good as the first. The third does not taste quite as good as the second.

1. A difference between the economic long run and the short run is that: a. the classical dichotomy holds in the short run but not in the long run. b. monetary and fiscal policy affect output only in the long run. c.

Which rule requires that contracts that would normally fall under the statute of frauds and need writing if negotiated by the principal must be in writing even if negotiated by an agent?

The law of demand states that: a. price and quantity demanded are inversely related. b. the larger the number of buyers in a market, the lower the product will be. c. price and quantity demanded are directly related. d.

Consider the sophistication and technology of the 21st century. Examine how the medieval account of human nature aligns with your own experience of human action.

What processes are needed in order to shape alternative design strategies for a system?

Over the past 40 years, technological advances have reduced the cost of computer chips. how do you think this has affected the market for computers? for computer software? for typewriters?

Which education savings plan can be used for the K through 12 expenses as well as post secondary expanses

What is a progressive income tax? a. Tax rate remains the same regardless of income. c. the average tax rate goes up when income goes up. b. The average tax rate goes down when income goes up. d. A tax that is measured at the margin.

In the market for used cars, the demand and supply equations are given by qd = 12,000 - 0.4p and qs = 0.1p + 5,000, where p is the price per car and q measures the quantity of cars. what happens at a price floor of $20,000?