The primary tool used by the Federal Reserve to change the money supply is _____
Fill in the blank(s) with correct word
open-market operations
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The reversal of fortune is strong evidence against the:
A) religious hypothesis of economic prosperity. B) geography hypothesis of economic prosperity. C) culture hypothesis of economic prosperity. D) institutions hypothesis of economic prosperity.
A tax on candy will be paid by ______
A. only buyers if the demand for candy is inelastic B. only sellers if the supply for candy is inelastic C. buyers and sellers if the demand for candy is elastic D. only buyers if the supply of candy is elastic
Suppose a monopolist offers a $20 mail-in rebate on an item with a list price of $100. In order for the rebate to be a perfect hurdle, it must be the case that:
A. buyers use the rebate if and only if they have a reservation price between $80 and $100. B. buyers use the rebate if and only if their cost of filling out the rebate is less than $20. C. all buyers with a reservation price greater than $80 use the rebate. D. some buyers with a reservation price greater than $80 use the rebate.
If the Federal Reserve sells $200 of securities through a commercial bank when the reserve requirement is 10 percent, the maximum potential change in the money supply is
A. a $200 decrease. B. a $2,000 increase. C. a $2,000 decrease. D. a $200 increase.