What happens to the money supply when the Fed sells government bonds?
A) The money supply tends to rise.
B) The money supply tends to fall.
C) Nothing.
D) It's impossible to determine, because bonds aren't money.
B
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According to the text, during which time period did the United States have the highest unemployment rates?
A) 1930s B) 2000s C) 1950s D) 1980s
During the 1990s positive technological change in the production of chicken caused the price of chicken to fall. Holding everything else constant, how would this affect the market for pork (a substitute for chicken)?
A) The demand for pork would decrease and the equilibrium price of pork would decrease. B) The demand for pork would increase because consumers could afford to buy more chicken and pork. C) The supply of pork would increase and the equilibrium price of pork would decrease. D) The demand for pork would decrease and the equilibrium price of pork would increase.
The property that macroeconomic variables fluctuate together in patterns that exhibit strong regularities is called
A) coincidence. B) co-movement. C) correlation. D) coexistence.
Because of global warming, countries that are cooler may see ________ in the supply of grain and agricultural products.
A. A reduction B. A shift to the left C. A shift to the right D. No change