Open market operations are
A) the buying and selling of existing U.S. government securities in open private markets by the Fed in order to change the money supply.
B) the buying and selling of existing U.S. government securities in open private markets by citizens.
C) the selling of new government securities by banks in order to increase the money supply.
D) the selling of new government securities in open private markets by banks in order to finance the deficit.
A
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The five categories of income used in the income approach to the measurement of GDP are
A) consumption, saving, rental income, corporate profits, and investment. B) employee compensation, net interest, rental income, corporate profits, and proprietor's income. C) employee compensation, consumption, rental income, corporate profits, and proprietor's income. D) employee compensation, saving, rental income, corporate profits, and investment.
Which of the following is NOT a contributing factor into why the HPAE were able to rapidly accumulate physical and human capital?
A) A stable macroeconomic environment meant low inflation B) Loans from multilateral institutions such as the IMF, the World Bank, and regional development banks C) The demographic transition meant that the proportion of their population working was higher. D) A rapid rise in income made greater amounts of savings possible.
Other things remaining the same, in the long-run as compared to the short-run
A. supply elasticity will decrease. B. supply elasticity will increase. C. supply elasticity will remain the same. D. one cannot tell.
A patent provides legal protection for an invention for
A) 7 years. B) 11 years. C) 20 years. D) as long as the invention is valuable.