Which piece of legislation committed the government to pursuing unemployment policies that are consistent with maintaining price stability?

The supply of money curve is

A) vertical because the quantity of money is fixed at any one moment. B) horizontal because interest rates are fixed at any one moment. C) horizontal because the Fed controls the quantity of money supplied. D) upward sloping, showing the influence of the interest rate. E) downward sloping, showing the negative influence of the interest rate.

In an open market purchase, the Fed ________ government securities, which ________ bank reserves

A) buys, increases B) buys, decreases C) sells, increases D) sells, decreases