During a recession, spending on ________ tends to fall more dramatically than spending on ________
A) nondurable goods; durable goods B) durable goods; nondurable goods
C) food; cars D) necessities; luxuries
B
Economics
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The sum of the MPC and the MPS is always:
a. greater than 1. b. less than 1. c. equal to 1. d. equal to zero. e. between 0 and 1.
Economics
Open Market Operations are conducted by
A) the main Fed office in Washington, D.C. B) the U.S. Treasury on behalf of the Fed. C) the Federal Reserve Bank of New York. D) a consortium of private banks contracted by the Fed.
Economics