If the interest rate is above the Fed's target, the Fed should
a. buy bonds to increase bank reserves.
b. buy bonds to decrease bank reserves.
c. sell bonds to increase bank reserves.
d. sell bonds to decrease bank reserves.
a
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If the United States places a limit on Chinese textile imports, this would be an example of
A. an embargo. B. a quota. C. a regulatory trade restriction. D. a tariff.
Refer to Figure 4.5. If all 10 students choose Solid, each student will earn ________ extra points
A) 0 B) 2 C) 4 D) 6
The evolution of the payments system from barter to precious metals, then to fiat money, then to checks can best be understood as a consequence of the fact that
A) paper is more costly to produce than precious metals. B) precious metals were not generally acceptable. C) precious metals were difficult to carry and transport. D) paper money is less accepted than checks.
Under what circumstances would a monopolist price be as low as the price that would prevail in a perfectly competitive market?
What will be an ideal response?