Telegram group: T.me/BBCNOUN [ECO802] The three main monetary policy instruments used worldwide are___ Open Market Operations, changes in the reserve requirements and changes in the discount rate. [ECO802] A demand function is said to be___ when its graph results in a straight line. Linear [ECO802] All of the following are methods of solving linear programming problems except___ Simulation Methods [ECO802] Which of the following is not a major determinants of household income Distribution of tax [ECO802] Welfare economics is the most___ branch of ___ Normative, Microeconomics [ECO802] ___ is attained at the point where the consumers’ marginal rate of substitution (MRS) is identical to firms’ rate of product transformation (RPT). Efficiency in production and exchange [ECO802] ___ is concerned with precise delineation of how economic models work at various stages, or disequilibrium situation. Dynamic analysis [ECO802] The profit maximising condition of a perfect competitive market is___ Marginal Cost (MC) = Marginal Revenue (MR) [ECO802] An autonomous increase in investment would give rise to a ___ Outward shift in the IS curve [ECO802] ___ are simple textbook descriptions of the macroeconomy, involving simple equations or diagrams. Simple Theoretical Models