The purchase and sale of government bonds by the Fed for the purpose of altering bank reserves is referred to as:
A. Open-market operations.
B. Closed-market operations.
C. Discounting.
D. Expansionary fiscal policy.
A. Open-market operations.
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Which of the following is true regarding a demand curve?
i. The demand curve is also the marginal benefit curve. ii. The demand curve shows the dollars' worth of other goods that people are willing to forgo to consume another unit of the good. iii. The demand curve shows the maximum price that people are willing to pay for another unit of a good. A) i and ii B) i and iii C) ii and iii D) i, ii, and iii E) i only
Human capital refers to the accumulated skills and training that workers possess
Indicate whether the statement is true or false
The Riegel-Neal Act of 1994 made reciprocity pacts
A) legal. B) illegal. C) irrelevant. D) temporary.
Which of the following functions of money would be least affected if the economy experiences high rates of inflation?
A) unit of account B) store of value C) standard of deferred payment D) medium of exchange