The buying and selling of government securities by the Fed is known as:
a. open market operations.
b. federal bond operations.
c. treasury bond operations.
d. open bonds operations.
e. discount rate operations.
a
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The figure above shows a labor market. If this labor market is perfectly competitive, employment is
A) 0 hours per week. B) 50 hours per week. C) 100 hours per week. D) 150 hours per week.
Marsha Murphy complained, "Many jobs that are filled mostly by men offer higher wages than most jobs that are typically filled by women. In many cases, the jobs men have require the same education and skills as the jobs women have
This is clearly unfair. Women should be paid the same wages as men are paid for jobs that are equivalent in terms of their qualifications." Which of the following statements describes Marsha's position? A) Marsha believes that employers are reluctant to hire women for certain jobs because of cognitive dissonance. B) Marsha believes employers assume that men and women have different job preferences. C) Marsha believes that women's wages should include a compensating differential. D) Marsha endorses a concept called comparable worth.
Which of the following statements regarding the agricultural industry is correct?
A) Economies of scale and consolidation have significantly reduced the degree of competition in the industry. B) Corporate farms now control more than 50 percent of the market for each of the major crops. C) The largest 5 percent of growers of any particular product are characterized by a small number of interdependent producers. D) Although farming has become increasingly concentrated over the last 70 years, it is still a highly competitive industry.
Using purchasing power parity instead of exchange rates to calculate output will most likely:
A. lower the relative value of output in developing countries. B. show that prices in developing countries are higher than prices in developed countries. C. leave the relative value of output in developing countries unchanged. D. increase the relative value of output in developing countries.