If the Fed buys government securities from commercial banks in the open market ________.
A. commercial banks give the securities to the Fed, and the Fed decreases the banks' reserves
B. the Fed gives the securities to the commercial banks and decreases the banks' reserves
C. commercial banks give the securities to the Fed, and the Fed increases the banks' reserves
D. the Fed gives the securities to the commercial banks and increases the banks' reserves
Answer: C
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In the figure above, with no government involvement and if the colleges are competitive, how many students are enrolled?
A) 8 million per year B) 12 million per year C) 10 million per year D) 4 million per year
A kinked demand curve is perceived by the firm as being:
a. more elastic to the right of the kink b. more inelastic to the right of the kink c. more inelastic to the left of the kink d. present when there is a monopoly e. bowed-in or bowed-out
Special Drawing Rights are issued by the
a. International Monetary Fund. b. Bretton Woods Organization. c. General Agreement on Tariffs and Trade. d. World Bank.
Within perfect competition, an individual firm _______ affect price by changing output. A market as a whole _______ affect price by changing market output.
Fill in the blank(s) with the appropriate word.