D Question 8 2 pts Joanna just landed a job working as a software engineer for a software company in downtown Santa Barbara. She envisions living in an apartment at the beach and within walking distance to her job. She just met with the property manager of an apartment complex she is considering and is shocked that the price of the apartment is so much more that she expected! What might be the likely cause of the high price of housing in Santa Barbara? O Low Unemployment rate and increasing GDP. Rissing standard of living and high unemployment High consumer's marginal index and low PPI Low CP and high state tax rate. D Question 9 2 pts Which of the following statements about the Federal Reserve Bank (the Fed) is most accurate? The Fed directly influences inflation within the economy. The Fed is an agency of the US Treasury Department that is responsible for collecting tax receipts for the IRS. O Monetary policy is established by the Federal Open Market Committee. The Fed is the agency of the government that ensures the US maintains enough told reserves to pay any foreign debt Question 10 2 pts Amber small specialty retail store that specializes in the sale of organically based hair care products. In the last three months the store has experienced a decline in sales and in an attempt to offset any further decline Amber has decided to lower the price of her products. A month after lowering her price Amber has noticed that sales have not increased and that there has been noldiscernible change in the demand of her products, in economic terms this situation would be illustrative of cak inelastic demand market equilibrium negative slope price elasticity Question 11 2 pts the produced within the market, is characterized by a central planning approach wherein are not considered when determining what is mixed economy actions of competitors market economy, needs of the consumer command economy. needs of the consumer socialist economy, supply curve Question 14 2 pts In order to finance the deficit, the Government must borrow money, primarily through the issue of Treasury securities. The clear, initial impact of the government borrowing is that it: reduces the cost of borrowing money. O reduces the pool of available funds to be lent to or invested in other businesses increases consumer confidence Increases private capital formation