When the Fed purchases securities on the open market, the securities it buys are
A. common stock of United States corporations.
B. corporate bonds.
C. securities issued by state governments.
D. securities issued by the federal government.
D. securities issued by the federal government.
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For a linear demand function, slope and the price elasticity of demand are equal
Indicate whether the statement is true or false
Which antitrust law is sometimes called the "Chain Store Act"?
A) Sherman Act B) Clayton Act C) Robinson-Patman Act D) Federal Trade Act
Empirical research suggests that the steepness of the aggregate supply curve depends on the
a. size of the multiplier. b. interest rate. c. level of wage rate. d. amount of excess capacity in the economy.
The international financial market moved towards equilibrium under the gold standard due to
A) shifts in exchange rates caused by changes in supply and demand for foreign exchange. B) changes in interest rates. C) negotiations among central banks. D) flows of gold among countries.