The sale of government securities by the Fed leads to
A) a decrease in bank reserves.
B) a contraction in bank lending.
C) a decrease in the monetary base.
D) All of the above answers are correct.
D
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The long-run supply curve for a competitive industry always has a positive slope
a. True b. False Indicate whether the statement is true or false
Which of the following organizations is a powerful union in the public sector?
a. American Medical Association (AMA) b. National Education Association (NEA) c. National Rifle Association (NRA) d. United Automobile Workers (UAW)
Which of the following is NOT money
What will be an ideal response?
Every point on the long-run average cost curve is
A) also a minimum point on a short-run average cost curve. B) on a short-run average total cost curve. C) on a short-run average variable cost curve. D) on a short-run marginal cost curve.