All Fed purchases and sales of
a. corporate stocks and bonds are conducted at the New York Fed's trading desk.
b. government bonds are conducted at the New York Fed's trading desk.
c. real estate and other real assets are conducted by the Federal Open Market Committee.
d. All of the above are correct.
b
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When Ferrari decides to produce 1,200 360 Modenas each year, Ferrari is answering the ________ question
A) for whom B) scarcity C) why D) what E) how
When the U.S. dollar depreciates against the yen, the yen becomes ________ expensive and the U.S. exchange rate ________
A) more; rises B) less; rises C) more; falls D) less; falls
The account that shows international transactions involving currently produced goods and services is called the
A) trade balance. B) current account. C) balance of payments. D) capital account.
If net taxes increase by $100 billion and the marginal propensity to consume is 0.6, by how much will GDP change?
a. -$250 billion b. $150 billion c. $250 billion d. -$100 billion e. -$150 billion