Defensive open market transactions
A) are aimed at achieving changes in monetary policy.
B) are used much less frequently than dynamic open market transactions.
C) are used to offset disturbances to the supply or demand for reserves.
D) make it easy to deduce the Fed's intentions for monetary policy.
C
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The value of used goods ________ counted as part of GDP ________
A) are; as long as they are classified as consumption goods B) are; as long as they are classified as investment goods C) are not; because they were counted during the period when they were counted as new goods D) are not; because most fall in value and would cause a decrease in the value of GDP E) may be; as long as their value has risen
How many members are there on the Board of Governors of the Federal Reserve?
a. 12 b. 50 c. 7 d. 4 e. 14
If the government imposes a sales tax on a good with a relatively more inelastic demand, the _____
a. tax revenue collected by the government will be large b. tax revenue collected by the government will be small c. deadweight loss from the tax will be large d. tax burden on producers will be large
Suppose over some period of time the money supply tripled, velocity doubled, and real GDP doubled. According to the quantity equation the price level is now
a. 6 times its old value. b. 3 times its old value. c. 1.5 times its old value. d. 0.75 times its old value.