When the Fed makes bonds more or less attractive, it influences the:
A. Open market decision.
B. Money multiplier.
C. Portfolio decision.
D. Reserve decision.
C. Portfolio decision.
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As a percent of GDP, the total U.S. federal debt has been declining since World War II
Indicate whether the statement is true or false
Refer to Figure 13-2. Ceteris paribus, a decrease in the labor force would be represented by a movement from
A) SRAS1 to SRAS2. B) SRAS2 to SRAS1. C) point A to point B. D) point B to point A.
It is possible that a voucher program could erode the public nature of public schools, effectively turning all schools into private schools
a. True b. False
Before their merger, XM and Sirius were competing sellers in the U.S. satellite radio market. The U.S. Department of Justice allowed the merger even though it created a single seller in the market
Why might we expect this merger to have limited impact on U.S. consumers? A) There are many close substitutes for satellite radio service (e.g., free AM-FM radio, internet radio) B) The merged firm is likely to act on behalf of its customers and keep its prices and profits low C) U.S. consumers are known to have perfectly inelastic demand for satellite radio (i.e., they are unresponsive to price changes) D) all of the above are correct