Which of the following is a tool of monetary policy often used by the Fed for altering the reserves of commercial banks?
A. Open-market operations
B. Check collection
C. Issuing currency
D. Reserve requirement
Answer: A
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The New Deal reduced
(a) government involvement in private affairs. (b) individual liberty. (c) taxes. (d) rent-seeking.
The supply curve for land in New York City is most likely
A) horizontal or perfectly elastic. B) a downward sloping straight line. C) an upward sloping straight line. D) vertical or perfectly inelastic.
The difference between gross public debt and net public debt is that
A. net public debt is expressed in real terms while gross public debt is expressed in nominal terms. B. gross public debt is held by individuals while net public debt is held by the government. C. gross public debt includes interagency borrowing while net public debt does not. D. net public debt includes interagency borrowing while the gross domestic product debt does not.
Refer to the information provided in Figure 27.2 below to answer the question(s) that follow.
Figure 27.2Refer to Figure 27.2. Planned investment would experience the least amount of crowding out when the aggregate demand curve shifts from
A. AD1 to AD2. B. AD3 to AD4. C. AD5 to AD6. D. The amount of crowding out is the same for all AD curve shifts shown in the figure.