If the Fed wishes to increase nominal interest rates, it must engage in an open market ________ of bonds to ________ the money supply.
A. sale; increase
B. sale; keep constant
C. sale; decrease
D. purchase; increase
Answer: C
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Dell Computers decides to produce PCs and sell them directly over the Internet and via Best Buy. This is an example of
A) incentives. B) a microeconomic decision. C) a macroeconomic decision. D) scarcity.
The present value of a fixed-payment loan is calculated as the ________ of the present value of all cash flow payments
A) sum B) difference C) multiple D) log
A seamstress who quits her job in Houston and moves to New York where additional seamstresses are needed is said to be frictionally unemployed
Indicate whether the statement is true or false
Which of the following statements is true about health care costs in the United States?
A. Costs have risen because increases in the price of health care have more than offset reductions in the quantity of health care provided. B. Costs have risen because increases in the quantity of care provided have more than offset price reductions realized through economies of scale. C. Costs have risen because both the price of health care and the quantity provided have risen. D. Costs have remained relatively stable as price increases have been largely offset by reductions in the quantity provided.