In an open-market purchase the Federal Reserve ________ government bonds from the public and the supply of bank reserves ________.
A. buys; increases
B. sells; increases
C. sells; decreases
D. buys; decreases
Answer: A
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To determine who bears the greater share of a tax, we compare the
A) number of buyers to the number of sellers. B) elasticity of supply to the elasticity of demand. C) size of the tax to the price of the good. D) government tax revenue to the revenue collected by the suppliers. E) pre-tax quantity to the post-tax quantity.
The main public policies targeted at achieving growth in high-income countries are _________ policies focused on investment, including investments in human capital, technology, and physical plant and equipment.
a. immigration b. taxation c. command d. fiscal
If the punishment associated with breaking a ban is not severe enough, it may:
A. still decrease the consumption of the good if the price of the good changes. B. still be effective if it gains media attention. C. not alter the trade-offs enough to change the consumption patterns of the banned good. D. cause even more consumption of the good, exaggerating the problem.
American productivity growth was highest in the decade of the
A. 1960's. B. 1970's. C. 1980's. D. 1990's.