Open-market operations are such a powerful tool of monetary policy that they are seldom used

a. true
b. false


Answer: b. false

Economics

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Describe the demand curve for a Giffen good

What will be an ideal response?

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Are all categories of government expenditures included in gross domestic product? What government activities are not included in GDP?

What will be an ideal response?

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The higher the interest rate:

A. the greater the present value of a future amount. B. the greater the level of inflation. C. the smaller the present value of a future amount. D. None of the statements associated with this question are correct.

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A non-transaction deposit would include each of the following, except:

A. a passbook savings account. B. a savings account. C. a checking account. D. a certificate of deposit.

Economics