The Fed sells $300 million U.S. government securities to commercial banks. This action leads to ________ in Fed assets and ________ in Fed liabilities
A) a $300 million increase; a $300 million increase
B) a $300 million increase; a $300 million decrease
C) no change; no change
D) a $300 million decrease; a $300 million decrease in
E) a $300 million decrease; a $300 million increase
D
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As price increases, additional suppliers are willing to produce a commodity.
Answer the following statement true (T) or false (F)
When real output increases, planned aggregate expenditures increase because:
A. induced expenditures increase. B. autonomous expenditures increase. C. induced expenditures decrease. D. autonomous expenditures decrease.
Exhibit 6-11 Short-run cost schedule for pizzeria's hourly production TotalProduct TotalCost 0 pizzas $ 20 10 70 20 100 30 150 40 250 In Exhibit 6-11, the marginal cost curve crosses the average total cost curve at
A. 10 pizzas. B. 20 pizzas. C. 30 pizzas. D. 40 pizzas.
The consumer optimum for consuming two goods is achieved when
A) the total utility from each good is equal. B) the price of each good is equal. C) the price multiplied by the marginal utility is equal for the two goods. D) the marginal utility per last dollar spent is equal for the two goods.