If the Fed increases the money supply,

a. the interest rate increases, which tends to raise stock prices.
b. the interest rate increases, which tends to reduce stock prices.
c. the interest rate decreases, which tends to raise stock prices.
d. the interest rate decreases, which tends to reduce stock prices.


c

Economics

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What were the major reasons for the lack of sustained growth before modern times?

What will be an ideal response?

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The efficient output level of a public good occurs where the

A) greatest number of free riders occurs. B) marginal cost of producing the last unit is equal to the marginal benefit realized by consumers. C) marginal cost of production is minimized. D) total cost of production is affordable.

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Which one of the following was not a goal of the Navigation Acts?

a. Protect and encourage English and colonial shipping. b. Ensure that major colonial imports from Europe were shipped from British ports. c. Ensure that the bulk of desired colonial products were shipped to England. d. Prevent West Indian planters from increasing their control over the U.S. colonial trade.

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Define opportunity cost

Economics