Open market operations are the
A) purchase or sale of government securities by the Fed.
B) lending of reserves to the banking system by the Fed.
C) borrowing of reserves by the Fed from the banking system.
D) minimum percentage of loans that banks must retain as reserves in the open market.
E) purchase or sale of gold by the Fed.
A
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In the game in Scenario 13.6, what is the Nash equilibrium?
A) The strategy pair associated with -$100, -$1. B) The strategy pair associated with $2, -$0.5. C) The strategy pair associated with $1, -$1. D) The strategy pair associated with -$0.5, -$0.5. E) There is no Nash equilibrium in pure strategies.
If the price of potatoes is reduced, consumers likely:
a. significantly more potatoes b. significantly fewer potatoes c. roughly the same quantity of potatoes d. an unknown quantity of potatoes; in this situation, consumers' actions cannot be predicted
The kinked demand curve model explains pricing in monopoly markets
a. True b. False Indicate whether the statement is true or false
Suppose real disposable income increases by $500. Given this information, we know that
A. consumption will generally increase by more than $500. B. consumption will generally increase by exactly $500. C. saving will generally increase by exactly $500. D. consumption will generally increase by less than $500.