Open market operations involve each of the following except
A. the National Debt.
B. interest rates.
C. the President.
D. the Board of Governors.
C. the President.
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The first factories in the US were developed within the __________ industry
a. iron smelting b. grain milling c. boot and shoe d. cotton textile
M1 includes savings accounts
a. True b. False Indicate whether the statement is true or false
A good is considered normal when its income elasticity of demand is ___ and inferior when the its income elasticity of demand is ___
a. Greater than zero, less than zero. b. Less than zero, greater than zero. c. Greater than one, less than one. d. Less than one, greater than one.
The current Medicare system is designed so that it actually encourages
A. lower drug costs for recipients. B. cost reductions. C. higher costs of medical services. D. higher costs only for preventive medical checkups.