When engaging in open market operations to stimulate the economy, the Federal Reserve will
A. sell gold.
B. buy gold.
C. buy short term U.S. Treasuries.
D. sell short term U.S. Treasuries.
Answer: C
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Answer the next question based on the following data. The following national income data are in billions of dollars.1Consumption of fixed capital$4382Taxes on production and imports3263Compensation of employees2,3474Rents145Interest2876Proprietors' income2427Corporate profits2978Personal consumption expenditures2,5829Gross private domestic investment66910Government purchases81511Net exports-7812Net foreign factor income4613Statistical discrepancy50The expenditures approach to GDP calculation can be done by adding ________.
A. 8 through 13 B. 8 through 11 C. 2 through 7 D. 1 through 7
If there is a deficit in the financial accounts, ________.
A. the sum of the capital account and the current account must be less than zero B. the sum of the reserve account and capital account must be zero C. the sum of the current account and the reserve account must be greater than zero D. the sum of the current account, reserve account, and capital account must be zero
Suppose that in the absence of trade, the U.S. price for bicycles was higher than the world price for bicycles. Would allowing international trade, mean that the U.S. would import or export bicycles? Who in the U.S. would benefit and who would lose with a free trade policy, and would the gains be greater than the losses?
Which defense mechanism occurs when someone transfers their thoughts and feelings onto others?
a. denial b. suppression c. reaction formation d. projection