If Treasury deposits at the Fed are predicted to increase, the manager of the trading desk at the New York Fed bank will likely conduct ________ open market operations to ________ reserves
A) defensive; inject
B) defensive; drain
C) dynamic; inject
D) dynamic; drain
A
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Rent ceilings are difficult to abolish because
A) they create such large profits for landlords. B) current renters offer political support for ceilings. C) the government doesn't like to give up the tax revenues associated with ceilings. D) they result in an efficient use of resources. E) landlords lobby to keep them in place.
GDP is different than GNP in that
A) it accounts for net unilateral transfers. B) it does not account for indirect business taxes. C) it does not account for a country's production using services with foreign-owned capital. D) it accounts for depreciation. E) it is unhelpful when tracking national income.
Give at least three examples from economics where each of the following type of data can be used: cross-sectional data, time series data, and panel data
What will be an ideal response?
Which of the following will cause a reduction in output per worker (Y/N)?
A) a reduction in the capital stock (K) B) a reduction in the saving rate C) a reduction in K/N D) all of the above