When the Fed wants to increase the US money supply, it will usually buy US treasury bonds from banks
a. true
b. false
Ans: a. true
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Which of the following is a valid argument for protection?
A) national defense B) fair trade C) creation of employment D) All of the above
Which of the following is likely to have the narrowest bid-asked spread?
A) A Nasdaq stock B) A U.S. Treasury bill C) A corporate bond D) A Fannie Mae bond
The slope of the total production curve becomes:
A. steeper when marginal product increases, typically at low levels of input. B. steeper when marginal product decreases, typically at high levels of input. C. flatter when marginal product increases, typically at high levels of input. D. flatter when marginal product decreases, typically at low levels of input.
During the 17th and 18th centuries, when the dominant economic policy was mercantilism, economic prosperity was measured by a nation's:
a. fleet of transport ships. b. food distribution system. c. number of men in its army and navy. d. stock of precious metals in its treasury.