In the short run, if the Fed wants to raise the federal funds rate, it
A) instructs large commercial banks to sell government securities in the open market.
B) instructs the New York Fed to buy government securities in the open market.
C) instructs the New York Fed to sell government securities in the foreign exchange market.
D) instructs the New York Fed to sell government securities in the open market.
E) tells large commercial banks to raise their interest rates.
D
Economics
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Indicate whether the statement is true or false
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If in some range of production, average cost is falling, the firm is experiencing
A. increasing returns to scale. B. decreasing returns to scale. C. constant returns to scale. D. increasing costs per unit of output.
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