An open market purchase by the Fed
A) decreases the supply of money.
B) increases the supply of money.
C) decreases the demand for money.
D) increases the demand for money.
B
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Briefly discuss the main advantage of the bimetallic standard over the gold standard
What will be an ideal response?
What situation best explains why the government would impose price ceilings?
a. The government wants to help producers that have built up large amounts of debt. b. There are too many producers flooding the market with the good. c. Income substantially increases, which shifts the demand curve to the left. d. A series of substantial crop failures shift the supply curve of food to the left. e. Technological changes occur, shifting the supply curve to the right.
If a nation is going to achieve and sustain a high rate of economic growth, it must
What will be an ideal response?
Which of the following is an accurate statement about the fallacy of composition?
a. Group plans are often thwarted by individual behavior. b. Individual behavior is easier to predict than group behavior. c. The motivation for individuals changes when they become part of a group. d. Individual truth and group truth are often different.