According to your text, open market operations
A) can be a difficult and delicate task.
B) are free from political pressures.
C) are designed solely in the national interest.
D) have failed to be effective ever since the U.S. has gone off the gold standard.
A
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An increase in the productivity of producing jeans results in
A) the quantity of jeans supplied increasing. B) the supply of jeans increasing. C) buyers demanding more jeans because they are now more efficiently produced. D) buyers demanding fewer jeans because their price will fall, which signals lower quality. E) some change, but the impact on the supply of jeans is impossible to predict.
What is a Giffen good?
What will be an ideal response?
Expectations about the future will always be accurate if formed under ________
A) rational expectations B) adaptive expectations C) natural selection D) none of the above
The law of demand states that there is
A) an inverse relationship between income and quantity demanded, ceteris paribus. B) a direct relationship between income and quantity demanded, ceteris paribus. C) no relationship between taste and quantity demanded, ceteris paribus. D) an inverse relationship between price and quantity demanded, ceteris paribus.