The prices of stocks and bonds move
a. in opposite directions to the Fed's interest rate target
b. in opposite directions to the spending patterns of Congress
c. in similar directions to the Fed's interest rate targets
d. in similar directions to the spending patterns of Congress
e. whenever the Open Market Committee threatens a change in the money supply
A
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Say's law argues that
I. overproduction is typical in a market economy. II. supply creates its own demand. A) I only B) II only C) Both I and II D) Neither I nor II
How does the demand curve perceived by a monopolist compare with the market demand curve?
A.One has a horizontal demand curve, the other is vertical. B.Both are horizontal C.One has a vertical demand curve, the other is downward sloping. D.They are essentially the same
If a consumer purchases any combination of goods and services on his ________, he will exhaust his income completely
A) indifference curve B) budget constraint C) demand schedule D) demand function
Which of the following is an assumption used in deriving a production possibilities curve?
A) Poverty always exists in society. B) The wages in an industry increase constantly. C) Prices will continue to increase. D) The amount of resources is fixed.