A conglomerate occurs when:
a. the products of the merging firms were not related in any manner before the merger
b. one firm is a producer of products, and the other firm is a producer of services
c. one firm is a domestic firm, and the other is a foreign company
d. the firms stood in a buyer-seller relationship before the merger
e. the merger partners were competitors
a
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As the federal funds rate changes, other interest rates tend to move in the same direction
Indicate whether the statement is true or false
The total money supply is largely determined by
A) open market operations. B) changes in the reserve requirement. C) the lending behavior of commercial banks. D) the deficit policy of the Treasury.
Suppose workers do not believe the Fed will implement its announced monetary policy plans and the Fed wants to achieve low unemployment. In this situation the Fed would be best off:
a. implementing a policy of high money growth. b. announcing and implementing a policy of low money growth. c. announcing a policy of high money growth and implementing a policy of low money growth. d. following a policy that forces the actual inflation rate to coincide with the expected inflation rate. e. promoting a low rate of inflation and adjusting actual policy plans to economic conditions.
A new U.S. import quota on imported steel would be likely to: a. reduce the cost of production to steel-using American firms. b. generate tax revenue to the government
c. increase U.S. production of steel. d. increase the production of steel-using American firms.