An open market purchase of securities by the Fed leads to all of the following EXCEPT
A) an initial increase in excess reserves.
B) an increase in bank lending.
C) a decrease in the quantity of money.
D) an increase in banks' reserves.
E) an increase in the monetary base.
C
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Why does investment by multinational corporations not necessarily help to close the foreign exchange gap
What will be an ideal response?
Most economists believe that it is impossible for government programs that benefit the rich to also benefit the poor.
Answer the following statement true (T) or false (F)
If marginal cost is above average cost, average cost must be rising.
Answer the following statement true (T) or false (F)
Refer to the information provided in Figure 13.9 below to answer the question(s) that follow. 
Figure 13.9 Refer to Figure 13.9. If Ohio Edison is forced to act as a perfect competitor (instead of the monopoly level), ________ is BEC.
A. the welfare loss B. the net social gain C. consumer surplus D. producer surplus