Which of the following policy actions by the Fed would cause the money supply to decrease?
a. An open market purchase of government securities.
b. A decrease in required reserve ratios.
c. A decrease in the discount rate.
d. An open-market sale of government securities.
d
You might also like to view...
The majority of members of the Federal Open Market Committee are
A) Federal Reserve Bank presidents. B) members of the Federal Advisory Council. C) presidents of member banks. D) the seven members of the Board of Governors.
The manager of Happy Chickens, an organic egg producer, should avoid all of the following topics except which one when speaking to managers of Best Eggs, a competitor firm?
A) forthcoming changes in Happy Eggs', a competitor firm's, pricing B) the planned production amounts of Happy Eggs, a competitor firm C) a new report linking egg consumption with increased heart health in adults D) Happy Chickens' planned production amounts
The marginal revenue product is
A) the change in total output resulting from a one-unit change in variable output. B) the change in marginal output resulting from a one-unit change in variable input. C) the change in total revenue resulting from a one-unit change in variable input. D) the change in marginal revenue resulting from a one-unit change in variable input.
Which of the following would be considered a "leisure" activity by economists?
A. Driving an on-duty taxi. B. Driving a bus for a city. C. Driving to the movies. D. Driving a forklift for work.