Foreign exchange reserves are

A. Used by the Federal Reserve in open market operations.
B. Holdings of foreign exchange by official government agencies.
C. Holdings of foreign exchange by individual citizens.
D. Held illegally by many countries.


Answer: B

Economics

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These two countries adopted reforms that liberalized their economies during the 1960s and they eventually became two of the world's freest economies. The two economies are

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Economics

Suppose that the labor market for life guards is initially in equilibrium. Then swimming pool owners adopt a new labor-saving technology that uses computers to monitor the locations of swimmers in the pool. What happens to the equilibrium wage and quantity of life guards?

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Economics

The two parts of the Keynesian consumption function are consumption that depends on ________ and consumption that depends on ________.

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Economics