Buying and selling U.S. Treasury Securities for the Fed's own portfolio is called:
A. discount buying.
B. open market operations.
C. managing the float.
D. reserve adjustment.
Answer: B
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Use the information in the table above plus the fact that indirect taxes less subsidies are $10 billion and depreciation is $30 billion to calculate the value of GDP
A) $180 billion B) $150 billion C) $140 billion D) $130 billion
An efficient economy would set the marginal product in the traditional sector
A) lower than that in the modern non-traditional sector. B) higher than that in the modern sophisticated sector. C) equal to that in the modern sophisticated sector. D) lower in the relatively capital intensive sector. E) higher in the relatively capital intensive sector.
Since the replacement of AFDC with TANF the welfare rolls have grown in the United States
a. True b. False
In long-run monopolistic competition, firms earn zero economic profit
Indicate whether the statement is true or false