An open market operation involves
A) the Federal Reserve's purchase or sale of securities.
B) the Federal Reserve's issuance of new stock.
C) changing federal income tax rates.
D) raising the debt limit of the United States.
A
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Under oligopoly, there are ________ firms selling products that are ________
A) many; either identical or different B) a few; either identical or different C) many; different D) a few; identical
The official poverty income threshold in the United States is
A. based on the cost of a budget that includes food, clothing, and shelter. B. never adjusted for the effects of inflation. C. the same for all families independent of the number of people in the family. D. calculated as three times the cost of a minimally acceptable diet for a family.
Economic thinking suggests that a nation in which middlemen are considered to be unproductive seekers of profit, and where their activities are heavily restricted by law, will
a. gain by channeling people's efforts away from unproductive middleman activity toward physical output. b. lose the potential gains from trade that would result from lower transaction costs emanating from middleman activities. c. find that it is richer because the added transaction costs normally imposed by middlemen will be reduced. d. gain because the value of total output will rise.
Private sector unionization in the United States is currently closest to ________ percent.
A. 1.4 B. 17.6 C. 6.4 D. 23.9