If the Fed expects currency holdings to fall, it conducts open market ________ to offset the expected ________ in reserves
A) purchases; increase
B) purchases; decrease
C) sales; increase
D) sales; decrease
C
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If a nonbinding price ceiling is imposed on a market, then the a. quantity sold in the market will decrease
b. quantity sold in the market will stay the same. c. price in the market will increase. d. price in the market will decrease.
In the United States from 1981 to 2015, deaths from ________ increased largely due to the effects of increasing obesity
A) strokes B) cancer C) heart attacks D) diabetes
Working with the life-cycle hypothesis, we find in a cross-section study of consumption that as income rises there is a growing proportion of ________ people and thus a ________ saving ratio
A) retired, rising B) retired, falling C) working, rising D) working, falling
If firms in a competitive price-searcher market are currently experiencing economic profits, then over time,
a. new firms will enter the market, and the current firms will experience a decrease in demand for their products until zero economic profit is again restored. b. new firms will enter the market, and the current firms will experience an increase in demand for their products until zero economic profit is again restored. c. some existing firms will exit the market, and the remaining firms will experience an increase in demand for their products until zero economic profit is again restored. d. some existing firms will exit the market, and the remaining firms will experience a decrease in demand for their products until zero economic profit is again restored.