In a market, the price of any good adjusts until quantity demanded equals quantity supplied
a. True
b. False
Indicate whether the statement is true or false
True
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A central bank's setting (or altering) of the money supply is known as
a. open-market operation. b. interest rate policy. c. monetary policy. d. employment policy.
As the size of the MPC decreases, the value of the balanced-budget multiplier
A. decreases. B. remains constant. C. increases. D. could either increase or decrease.
Kyle and Stan are playing Odds or Evens, where Kyle is designated as the "odd" player and Stan is designated as the "even" player. They decide to play the game 10 times. If Kyle adopts a pure strategy of "shoot 2," Stan shoul
A) also adopt a pure strategy of "shoot 2." B) adopt a pure strategy of "shoot 1." C) adopt a mixed strategy of "shoot 1" 50% of the time and "shoot 2" 50% of the time. D) adopt a mixed strategy of "shoot 1" more than 50% of the time and "shoot 2" less than 50% of the time.
How does the Open Market Trading Desk conduct its operations?
A) directly with private securities dealers on the floor of the New York Stock Exchange B) directly with private securities dealers on the floor of the Federal Reserve Bank of New York C) over-the-counter electronically with private securities dealers D) by sending its buy and sell orders to the U.S. Treasury for execution