Which Has Greater Competence

question 45

Multiple Choice

Which has greater competence?

• A)a small mountain stream
• B)the Mississippi River

---

Definitions:

Monetary Policy

A government or central bank policy aimed at controlling the money supply and interest rates to influence economic activity.

Short Run

A period in economics during which at least one input is fixed, limiting the capability of the economy or business to adjust to changes in demand or conditions immediately.

Long Run

The long run is a period in economics in which all factors of production and costs are variable, allowing full industry adjustment to changes.

Federal Funds Rate

The interest rate at which banks make overnight loans to one another