Open market operations intended to offset movements in noncontrollable factors (such as float) that affect reserves and the monetary base are called
A) defensive open market operations.
B) dynamic open market operations.
C) offensive open market operations.
D) reactionary open market operations.
A
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Unlike the market process, in the political market it is possible for some individuals to receive very large benefits from the political process without any significant impact on their tax bills
Indicate whether the statement is true or false
Patent trolls ________
A) are paid by innovative firms to the federal government B) buy up patents then attempt to extract large payments from firms using similar technology C) develop new machines and machine processes in small-scale firms, rather than large corporations D) can evolve into natural monopolies
The report of the 1911 National Monetary Commission
(a) advocated a turn to bimetallism. (b) advocated unification of the state and national banking systems. (c) advocated centralized reserve associations which would coordinate commercial banking processes such as check clearing. (d) advocated a unified central bank modeled after the Bank of England.
Which of the following is true for firms that produce in markets where there are no barriers to entry?
a. The firms will always make positive economic profits in the long run. b. The firms will always make positive economic profits in the short run. c. The firms will always make zero economic profits in the short run. d. The firms will always make zero economic profits in the long run.