The buying and selling of government bonds to influence reserves in the banking system is the responsibility of the:
A. Twelve regional Federal Reserve banks.
B. Executive Branch of the government.
C. Board of Governors of the Federal Reserve.
D. Federal Open Market Committee.
D. Federal Open Market Committee.
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Indicate whether the statement is true or false
A dollar's value can change:
A. across different locations. B. over time. C. Both of these statements are true. D. Neither of these statements is true.
Refer to the information provided in Figure 29.2 below to answer the question(s) that follow.
Figure 29.2Refer to Figure 29.2. If economic policy causes aggregate demand curve shifts from AD2 to AD1, then
A. output decreases to less than Y1. B. the price level decreases lower than P0 and output decreases to Y0. C. output decreases to Y0 and the price level decreases to P0. D. none of the above.
If ________, total efficiency units of labor will increase
A) firms hire more workers B) the number of retired people in an economy increases C) the capital stock of an economy decreases D) the rate of unemployment increases