Which of the following policy actions by the Fed would cause the money supply to increase?
a. An open market sale of government securities.
b. An increase in required reserve ratios.
c. An increase in the discount rate.
d. An open-market purchase of government securities.
d
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Most older persons regularly spend more than their current disposable income. How is this possible?
a. They receive government transfer payments. b. They work to supplement their retirement income. c. They borrow and increase their debt levels. d. They withdraw funds from accumulated wealth.
The labor force participation rate among both men and women 25 to 54 fell after 2000, and this
A. was a significant reason behind the slowing of economic growth during that period. B. should have been a source of growth but wasn't. C. was more than countered by an opposite trend for those over 55 so growth, was rapid. D. was entirely countered by an opposite trend for those over 55 so growth, was nearly zero.