Open market operations refer to the purchase and sales of stocks listed on the New York Stock Exchange
a. True
b. False
Indicate whether the statement is true or false
False
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The financial system:
A. gathers information about the economy in an effort to inform the public. B. brings together savers and borrowers in a set of interconnected markets where people trade a variety of financial products. C. connects the government to those truly in need of public services. D. is used to help individuals keep track of the general price level.
Starting from long-run equilibrium, a large tax cut will result in a(n) ________ gap in the short-run and ________ inflation and ________ output in the long-run.
A. expansionary; higher; higher B. expansionary; higher; potential C. recessionary; higher; potential D. recessionary; lower; lower
Refer to the information above. Given this information, the steady state rate of growth of Y/NA is
A) 0. B) 2%. C) 3%. D) 5%. E) 16%.
In a voluntary exchange,
A) both parties tend to receive more in value than they give u