The Open Market Trading Desk is
A) another name for the Federal Open Market Committee.
B) an organization of private traders in government securities.
C) the area on the floor of the New York Stock Exchange set aside for bond trading.
D) a group of private securities traders that the Fed has selected to participate in open market operations.
D
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The market supply curve is also the
A) marginal social cost curve. B) marginal value curve. C) marginal social benefit curve. D) maximum-supply-price curve.
A successful compensation scheme
A) must induce effort from workers and ensure that both employer and employees benefit. B) must allow employees to participate in a firm's profits. C) must pay workers with comparable skills a comparable wage. D) must enable workers to enjoy a certain standard of living and must enable employers to earn a normal rate of return.
According to the Keynesian macroeconomic model, consumption is a function of which three variables?
Select one: a. a) Autonomous consumption, intended investment, and the marginal propensity to consume b. b) Autonomous consumption, the marginal propensity to consume, and income c. c) Autonomous consumption, actual investment, and the marginal propensity to consume d. d) The marginal propensity to consume, income, and intended investment
In the simplified circular flow diagram, leakage can occur when consumers save some income.
Answer the following statement true (T) or false (F)