_____ is (are) the buying and selling of U.S. government securities.
a) The discount rate
b) The federal funds rate
c) Reserve requirements
d) Open market operations
Ans: d) Open market operations
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Which of the following is not a consequence of minimum wage laws?
A) Employers will be reluctant to offer low-skilled workers jobs with training. B) Some workers benefit when the minimum wage is increased. C) Producers have an incentive to offer workers non-wage benefits such as health care benefits and convenient working hours rather than a higher wage. D) Low-skilled workers are hurt because minimum wage reduces the number of jobs providing low-skilled workers with training.
Refer to the figure below. In response to gradually falling inflation, this economy will eventually move from its short-run equilibrium to its long-run equilibrium. Graphically, this would be seen as
A. long-run aggregate supply shifting leftward B. Short-run aggregate supply shifting downward C. Aggregate demand shifting rightward D. Aggregate demand shifting leftward
The simple circular flow diagram is a ______.
a. spreadsheet of government expenditures b. road map to successful employment c. visual model of the economy d. reference of stock market fluctuations
Federal government consumption expenditures as a percentage of GDP increased the most during the
A. George W. Bush administrations. B. Bill Clinton administrations. C. Barack Obama administrations. D. Consumption expenditures decreased during all of the above administrations.