Comparing the effect on the monetary base between an open market purchase of government securities from a bank and the same open market operation conducted with the general public, the monetary base
A) decreases by the same amount if the general public sells the securities or if a bank sells the securities.
B) does not change if it is the general public that sells the securities.
C) increases by a larger amount if a bank sells the securities than if the general public sells the securities.
D) increases by a larger amount if the general public sells the securities than if a bank sells the securities.
E) increases by the same amount if the general public sells the securities or if a bank sells the securities.
E
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According to your authors, the prohibition on alcohol kept the ________ curve relatively stable while the ________ curve became more ________
A) supply; demand; elastic B) supply; demand; inelastic C) demand; supply; elastic D) demand; supply; inelastic
Which of the following is not the result of wage stickiness in an economic downturn?
A. Actual wages are temporarily above the market-clearing level. B. Cyclical unemployment. C. A surplus of labor. D. A shortage of labor.
The Keynesian perspective focuses on the demand-side of the economy;
What will be an ideal response?
All weekday ticket prices hover around $___
Fill in the blank(s) with the appropriate word(s).