If the Fed reduces the money supply, there will be a decline in

a. government purchases
b. unemployment
c. purchases of consumer durables
d. demand for bonds
e. deflationary pressures


C

Economics

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Lack of information to consumers on prices is a problem of

a. government failure b. externalities c. exploitation d. market failure e. none of the above

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Which of the following is not a cause of market failure?

A) Incomplete information B) Externalities C) Individuals acting according to their own self-interest D) Public goods

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Which of the following defines the face value of a bond?

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