If the Federal Reserve System sells $5 billion of government securities to commercial banks, the banks' reserves would:
A. Increase by $5 billion
B. Decrease by $5 billion
C. Be added to net worth
D. Remain the same
B. Decrease by $5 billion
Economics
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Governments may intervene in private markets through
A) rationing by political power. B) price floors. C) price ceilings. D) all of the above.
Economics
The shape of a firm's expansion path depends upon
a. the price of the labor input. b. the price of the capital input. c. the shape of the firm's production function. d. all of these factors.
Economics