Open-market operation means buying and selling of ________ by the ________ in an effort to influence money supply
a. equity shares; president
b. government securities; Fed
c. mutual fund; government
d. commodities; public
b
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The economy pictured in the figure below has a(n) ________ gap with a short-run equilibrium combination of inflation and output indicated by point ________. 
A. recessionary; B B. recessionary; C C. recessionary; A D. expansionary; A
A natural monopoly is characterized by large fixed costs relative to variable costs
Indicate whether the statement is true or false
Building one large school may do more to promote school integration than constructing two separate schools
Indicate whether the statement is true or false
Suppose a loaf of bread sold for $3.00 in 2008 . The price of bread then increases to $3.60 in 2009 . The price index for bread considering 2008 as the base year is _____
a. 1.20 b. 83.33 c. 120 d. 100 e. 20