The supply of money increases when
a. the value of money increases.
b. the interest rate increases.
c. the Federal Reserve purchases bonds.
d. velocity increases.
c
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The Federal Reserve entity that makes decisions regarding the conduct of open market operations is the
A) Board of Governors. B) chairman of the Board of Governors. C) Federal Open Market Committee. D) Open Market Advisory Council
Gimmicks like the National Debt Clock
a. are misleading because they show the debt in nominal dollars rather than real dollars. b. are misleading because they show the debt in dollars rather than as a percentage of GDP. c. are misleading because they dot not show industrial production figures. d. are needed to inform the American public about the massive amounts of debt the government is accumulating. e. are misleading because they show the debt as a percentage of GDP rather than in dollars.
What is the most innovative feature of the International Criminal Court (ICC)?
a. Its focus is on the individual criminal, not the state. b. Its authority affects every nation on earth, not just voluntary members. c. Its decisions are made by an international jury, not a panel of judges. d. Its goal is to safeguard human rights, not punish criminal behavior.
It is most difficult for new firms to enter
A. An oligopolistic market. B. A perfectly contestable market. C. A perfectly competitive market. D. A monopolistically competitive market.