If the Fed expects currency holdings to rise, it conducts open market ________ to offset the expected ________ in reserves
A) purchases; increase
B) purchases; decrease
C) sales; increase
D) sales; decrease
B
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According to New Keynesians, a reduction in which of the following will tend to cause the inflation rate to decrease?
A) anticipated future inflation B) firms' average inflation adjusted per-unit costs of production C) an unexpected reduction in aggregate demand D) all of the above
Which of the following lists is included in what economists call "money"?
a. cash b. cash and stocks and bonds c. cash and stocks and bonds and real estate d. cash and stocks and bonds and real estate and all other assets
Empirical studies show that countries with low standards are very successful at attracting foreign investment
Indicate whether the statement is true or false
When considering the factor distribution of income, which of the following income is represented as proprietor income?
A. Rent for capital. B. Interest for loans on capital. C. Labor or capital factors that proprietors put into their businesses D. Wages for workers