When the Fed buys $10 million in T-bills, interest rates will ________ because the LM curve shifts ________
A) fall; left due to the increase in the demand for money and loans
B) rise; right due to the increase in the supply of money and loans
C) fall; right due to the increase in the supply of money and loans
D) rise; left due to the increase in the supply of money and loans
C
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In order to survive in political office, politicians must be steadfast in their convictions and be unwilling to change their political platforms
a. True b. False
Adverse selection is illustrated by people who take greater risks after they purchase insurance
a. True b. False Indicate whether the statement is true or false
A country recently had a GDP of $1000 billion. Its consumption expenditures were $650 billion, its government spent $250 billion, and it had domestic investment of $150 billion. What was the value of this country's net capital outflow? Explain how you found your answer
____________________ - a perfectly competitive price system will bring about an economically efficient allocation of resources
Fill in the blank(s) with the appropriate word(s).