When the Fed conducts open market operations, it buys and sells:
a. stocks.
b. government securities.
c. foreign currency
d. gold.
b
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A rational investor will always purchase the bond that pays the highest real interest rate
a. True b. False Indicate whether the statement is true or false
Cologne is an example of a ______ good.
a. durable b. nondurable c. fixed d. nonfixed
A progressive tax is defined as a tax for which the
a. average tax rate rises as income increases. b. average tax rate falls as income increases. c. average tax rate remains constant at all levels of income. d. dollar tax liability of those with higher income is more than the dollar tax liability of those with lower income.
Which is NOT an example of government intervention in the economy?
A. The Great Recession B. The Federal Reserve C. The Food and Drug Administration D. The Troubled Asset Relief Program