The sale of $1 billion of securities to a bank or some other business by the Fed is an example of
A) a last resort loan.
B) a multiple contraction of the quantity of money.
C) an open market operation.
D) a change in the required reserve ratio.
C
Economics
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With specialization
A) opportunity costs tend to be constant. B) there are greater gains in material well being. C) there is more emphasis on self-reliance. D) society is more productive while individuals are less productive.
Economics
Define the terms recessionary gap and inflationary gap. Why do they occur?
Economics