Monopoly producers face
A. no competitive producers of the same product.
B. many competitors producing the same product.
C. only a few competitors producing the same product.
D. at least one competitive producer of the same product.
Answer: A
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If the Fed sells government securities to the general public in the open market, the ________.
A. public gives the securities to the Fed in exchange for a Fed check, which when deposited at commercial banks will increase their reserves at the Fed B. Fed gives the securities to the public; the public pays for the securities by writing checks that when cleared will decrease commercial bank reserves at the Fed C. Fed gives the securities to the public; the public pays for the securities by writing checks that when cleared will increase commercial bank reserves at the Fed D. public gives the securities to the Fed in exchange for a Fed check, which when deposited at commercial banks will decrease their reserves at the Fed
Appreciation of the U.S. dollar can be caused by
A. An increase in the demand for dollars. B. A decrease in the U.S. interest rate. C. An increase in the supply of dollars. D. A decrease in the demand for dollars.
Residential housing consumption is not affected by U.S. personal income taxes.
A. True B. False C. Uncertain
When the Fed buys $100 worth of bonds from a primary dealer, reserves in the banking system
A) increase by $100. B) increase by more than $100. C) decrease by $100. D) decrease by more than $100.