Which of the following is an example of an agency concerned with social regulation?
A) Federal Communications Commission
B) Securities and Exchange Commission
C) Consumer Product Safety Commission
D) Federal Energy Regulatory Commission
C
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If the Fed carries out an open market operation and buys U.S. government securities, the federal funds rate ________ and the quantity of reserves ________
A) rises; increases B) falls; increases C) rises; decreases D) falls; decreases E) rises; does not change
Economist John Maynard Keynes wrote that the economy naturally gravitates toward smooth growth and high levels of employment
a. True b. False Indicate whether the statement is true or false
A broad and liquid market means that
a. stock markets list a large number of shares. b. owners can sell stock but only at a discount. c. shareholders can sell at any time at the market price d. insider trading laws are observed. e. none of the above.
National characteristics that affect the cost of producing goods in a particular country include all of the following except:
A. technology. B. natural resources and climate. C. proper government oversight of production. D. endowment of factors of production.