If the Fed sells $5 million in government bonds, how much will the money supply change?
a. It will increase by $5 million.
b. It will increase by more than $5 million.
c. It will decrease by $5 million.
d. It will decrease by more than $5 million.
d
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The international organization that replaced the General Agreement on Tariffs and Trade (GATT) is the
a. World Bank. b. Export-Import Bank. c. World Trade Organization. d. International Monetary Fund.
In the production function Real GDP = T (L, K, NR, H), the T represents the _____________ coefficient, the L represents ________________, the K represents _______________, the NR represents natural resources, and the H represents ________________
A) tax; labor; capital; humanity B) technology; labor; knowledge; humanity C) technology; labor; capital; human capital D) trade; labor; knowledge; human capital
If a firm has market power in the output market but buys labor in a competitive market, it will hire the same quantity of labor that a competitive firm will
Indicate whether the statement is true or false
What factors determine the differences in salaries, wages, and income that we observe?
What will be an ideal response?