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True or False.  The government can encourage innovation guaranteeing intellectual property rights.

What is the instructors name?

Which of the following is not a basic monetary policy tool used by the Fed?

Mark all that apply.  Contractionary Monetary Policy will

Suppose the following data describe output in two different years: Item Year 1 Year 2 Apples 20,000 @ 25¢ each 30,000 @ 30¢ each Bicycles 700 @ $800 each 650 @ $900 each Movie Rentals 10,000 @ $1.00 each 12,000 @ $1.50 each Compute real GDP in year 2 (Enter as a numeric value e.g. 100000)

Which of the following is not a basic monetary policy tool used by the Fed?

When comparing GDPs across countries one must divide by population after converting to a common currency.

If the Fed wishes to increase the money supply it can:

Using the diagram below, assume point D represents the optimal mix of output. If society produces at point A then:

Mark all that apply the Federal Reserve banks