An open market operation occurs when ________ buys or sells securities ________
A) the Federal Reserve System; from or to the federal government
B) the Federal Reserve System; in the open market
C) a commercial bank; from or to the federal government
D) a commercial bank; from or to the public
B
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Command system allocates resources by the order of someone in authority
Indicate whether the statement is true or false
The amount of income a consumer has to spend on goods and services is known as
A) wealth. B) a budget constraint. C) purchasing power. D) effective demand.
Insoul Inc has been granted a form of legal protection that prevents other firms from copying its original music compositions for commercial purposes. The legal restriction that Insoul Inc has been offered is a: a. trademark. b. subsidy
c. copyright. d. patent.
If, regardless of price, the quantity supplied is a constant amount, then the supply curve is:
A. horizontal. B. vertical. C. upward sloping. D. downward sloping.