If the Federal Reserve System buys government securities from commercial banks and the public:
A. commercial bank reserves will decline.
B. commercial bank reserves will be unaffected.
C. it will be easier to obtain loans at commercial banks.
D. the money supply will contract.
C. it will be easier to obtain loans at commercial banks.
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Refer to the table above. If country X is expected to grow by 19% between the years 2007 and 2008, what is the expected GDP per capita for the year 2008?
A) $2,439.50 B) $3,015 C) $2,763.90 D) $1,882
The items included in the CPI are
A) final goods produced in the United States. B) final goods and services produced in the United States. C) goods and services consumed by the typical urban household. D) only goods and services produced within the current year and consumed by the typical household. E) goods but not services consumed by the typical urban household.