If the Fed buys $5 million in government bonds, how much will the money supply change?
a. It will increase by $5 million.
b. It will increase by more than $5 million.
c. It will decrease by $5 million.
d. It will decrease by more than $5 million.
b
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Refer to Table 2-7. Which of the following statements is true?
A) Minnie has an absolute advantage in making umbrellas and Mickey in making hats. B) Minnie has an absolute advantage in making both products. C) Minnie has an absolute advantage in making hats and Mickey in making umbrellas. D) Mickey has an absolute advantage in making both products.
According to Hughes and Cain (2011), after the Civil War (1861–1865) the freed slaves were
(a) left to fend for themselves without property, money or skills. (b) provided with 40 acres and a mule to get a start in life as free people. (c) provided with some monetary compensation for the centuries-long oppression and exploitation they and their ancestors had faced. (d) able to quickly become successful farmers and craftsmen.
In sequential games, the player who moves first:
A. has a first-mover advantage only when he or she is able to make a credible threat or promise to choose a dominated strategy. B. always has a first-mover advantage. C. has a first-mover advantage only when the second mover fails to choose the dominant strategy. D. sometimes has an advantage and sometimes has a disadvantage.
Suppose investment is equal to $950 billion, purchases of newly produced capital goods is $670 billion, and changes in business inventories is -$120 billion. What does purchases of new residential housing equal?
A. $1,500 billion B. $100 billion C. $160 billion D. $400 billion