A gold sale by the U.S. Treasury
A) reduces bank reserves.
B) increases bank reserves.
C) increases Federal Reserve assets.
D) leaves bank reserves unaffected.
A
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A redistributive program that taxes the rich and gives to the poor _____
a. is an example of equality of opportunity in action b. is an example of equality of results in action c. is an example of the an economically efficient transfer d. is an example of a procedural theory of justice in action
Disinflation would eventually cause
a. the short-run and the long run Phillips curve to shift right. b. the short-run and the long run Phillips curve to shift left. c. the short-run Phillips curve but not the long run Phillips curve to shift right. d. the short-run Phillips curve but not the long run Phillips curve to shift left.
When customers buy the exact amount of goods that producers are selling at a specific price, the __________ price exists.
A. market B. equilibrium C. unit D. production
Suppose only 7 percent of Turkey's products go to the United States. Hence, an increase in U.S. imports from Turkey:
a. would have no significant effect on Turkey's domestic income.
b. would significantly increase Turkey's domestic income.
c. would significantly decrease Turkey's domestic income.
d. would significantly increase U.S. domestic income.
e. would significantly decrease U.S. domestic income.