Open market sale will result in:
A) increase in bank reserves and a decrease in the federal funds rate.
B) increase in bank reserves and an increase in the federal funds rate.
C) decrease in bank reserves and a decrease in the federal funds rate.
D) decrease in bank reserves and an increase in the federal funds rate.
D
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The estimate of potential GDP would decrease if
a. the rate of capital depreciation increased. b. the labor force decreased. c. the price level grew. d. All of the above would increase potential GDP.
Longer time frames generally result in less elastic supply
a. True b. False Indicate whether the statement is true or false
Complements
What will be an ideal response?
Voluntary programs for reducing pollution
A. have been more successful in the United States in encouraging recycling than any other type of program. B. are most appropriate when surveillance and enforcement are impractical. C. work most reliably when voluntary reduction of pollution over a long period is encouraged. D. are enforced by legal authority.