The Fed's purchase and sale of government securities is known as
a. margin operations.
b. open market operations.
c. bank reserve operations.
d. cash management operations.
b
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The income effect associated with an income tax occurs because the individual has to work more to make up for the income paid in taxation
a. True b. False
If a country's exports were 500 billion pesos and its imports were 300 billion pesos, what would its trade balance be?
The component of aggregate expenditure that is not like other components because, in general, it is directly neutral to macroeconomic changes is:
A. investment spending. B. government spending. C. consumption spending. D. net export spending.
The type of good with the smallest trade deficit in the U.S. based on data from 2016 is:
A. industrial goods. B. automotive goods. C. foods, feeds, and beverages. D. capital goods.