When the Fed sells government bonds, the reserves of the banking system
a. increase, so the money supply increases.
b. increase, so the money supply decreases.
c. decrease, so the money supply increases.
d. decrease, so the money supply decreases.
d
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Aggregate demand policy, training programs, work requirements, tax credits, and family policies are mutually exclusive alternatives
Indicate whether the statement is true or false
In which of the following areas were substantial New Deal reforms NOT made?
a. The commercial banking system. b. The Federal Reserve System. c. Securities markets. d. Corporate accounting standards.
The market in which the currencies of different countries are exchanged is called the
A) money market. B) capital market. C) foreign exchange market. D) loanable funds market.
According to the textbook, proponents of minimum wage laws assume that
A. the supply curve for unskilled workers is downward sloping. B. the demand curve for unskilled workers is nearly horizontal. C. the supply curve for unskilled workers is upward sloping. D. the demand curve for unskilled workers is nearly vertical.