When a central bank intervenes in the foreign exchange market to purchase a foreign currency, the transaction:
a. Increases the nation's monetary base and increases the reserves account in the balance of payments.
b. Decreases the nation's monetary base and increases the reserves account in the balance of payments.
c. Decreases the nation's monetary base and decreases the reserves account in the balance of payments.
d. Changes neither the monetary base nor the reserves account.
e. Increases the nation's monetary base and decreases the reserves account in the balance of payments.
.E
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How might the existence of federally funded programs for the poor reduce the amount of charitable giving?
What will be an ideal response?
The above figure shows the market for a particular good. If the market is controlled by a perfect-price-discriminating monopoly, compared to a monopoly who charges a single price, the change in consumer surplus is
A) A. B) A + B + C. C) A + B + C + D + E. D) zero.