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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What factors determine the differences in salaries, wages, and income that we observe?
What will be an ideal response?
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