When the Fed buys a security from a financial firm and the financial firm agrees to buy back the security the next day, the transaction is known as
A) a repurchase agreement.
B) a reverse repurchase agreement.
C) an open market flip-flop.
D) a federal funds swap.
Answer: A
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The increase in the proportion of tertiary employment over time at the expense of both primary and secondary employment
(a) is peculiar to the western industrial countries. (b) is strictly an American phenomenon. (c) is present generally in all industrial countries. (d) is restricted to countries with relatively small government sectors.
In one week, Mohammed can knit 5 sweaters or bake 240 cookies. The opportunity cost per sweater for Mohammed is
a. $240 b. 240 cookies c. 48 sweaters d. 1/48 of a cookie e. 48 cookies
The Budget of the United States Government is officially submitted by: a. the President to Congress and contains spending and revenue proposals for the upcoming fiscal year. b. Congress to the President and contains spending and revenue proposals for the upcoming fiscal year. c. the President to Congress and contains proposals for tax revenues
d. Congress to the President and contains proposals for tax revenues. e. the President to Congress and is reviewed by the Supreme Court.
Jen considers smoking an inferior good. In other words, for Jen to quit smoking, she would require a significant increase in income
a. True b. False Indicate whether the statement is true or false