The Fed's holdings of securities consist primarily of ________, but also in the past have included ________
A) Treasury securities; bankers' acceptances
B) municipal securities; bankers' acceptances
C) bankers' acceptances; Treasury securities
D) Treasury securities; municipal securities
A
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According to Adam Smith's invisible hand
A) markets need the government to intervene. B) forces are constantly pushing markets out of equilibrium C) people coordinate their activities, resulting in equilibrium in the market. D) there is an invisible glove that restricts what markets can do.
If demand is represented as Qd = 24 - P and supply is represented as Qs = 6 + 2P, the demand curve intersects the y axis at a price of ________ and the supply curve intersects the y axis at a price of ________
A. $1; $2 B. $24; $6 C. $30; $3 D. $23; $8
Taking a course in computer repair will increase an individual's yearly income by $10,000 per year, starting the year after the course is completed. After three years, the skills learned will be obsolete. What is the present value of taking the course if the interest rate is 8 percent (0.08) per year?
a. $1,248.29 b. $10,356.65 c. $25,770.97 d. $30,000.00 e. none of the above
An increase in the price of a good would
a. decrease the demand for the good. b. decrease the quantity demanded for the good. c. increase the demand for the good. d. decrease the quantity supplied of the good.