Open market operations involve each of the following except
A. the National Debt.
B. interest rates.
C. the President.
D. the Board of Governors.
C. the President.
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Refer to Figure 2-18. Which two arrows in the diagram depict the following transaction: Dorian Gray hires "Wild Oscar," a professional portrait artist, to paint his picture
A) J and M B) K and G C) K and M D) J and G
The public debt in the United States is the total value of government securities held by
a. foreign governments b. private individuals c. businesses d. everyone holding any part of the debt e. itself
If businesses found that changing economic conditions made it attractive for them to hire a larger number of economics majors, we would expect
a. economics majors to receive a greater return on their human capital investment. b. a decrease in the employment opportunities for economics majors. c. lower wages for economics majors. d. fewer students to major in economics.
Suppose there are constant returns to scale. Now suppose that over time a country doubles its workers, its natural resources, its physical capital, and its human capital, but its technology is unchanged. Which of the following would double?
a. both output and productivity b. output, but not productivity c. productivity, but not output d. neither productivity nor output