According to this Application, some economists noticed that the change in the value of the U.S
dollar was largely due to the change in interest rates, and the change in interest rates occurred because of the Fed's use of ________ to further stimulate the economy.
A) quantitative easing B) open market purchases
C) open market sales D) discount operations
A
Economics
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When the Federal Reserve float __________, bank reserves __________
A) rises; fall B) rises; rise C) rise; are unchanged D) rise; change unpredictably
Economics
If technological change is "labor augmenting," then
A) output per worker declines, output per unit of capital increases. B) "effective labor input" increases, output per unit of capital declines. C) output per worker increases, output per unit of capital is constant. D) Both output per worker and output per unit of capital change.
Economics