If the Fed engages in an open market sale of U.S. government securities, what is the likely impact of this monetary policy move?
a. The supply of money and the interest rate will both increase.
b. The supply of money will increase but the interest rate will decrease.
c. The supply of money will decrease but the interest rate will increase.
d. The supply of money and the interest rate will both decrease.
c
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If total private-sector employment increased from 15,000 in March to 15,750 in April, then we know for sure that
A) the private sector created 750 jobs during that time frame. B) the unemployment rate deceased during that time frame. C) the change in private-sector employment was 750 during that time frame. D) All of the above answers are correct interpretations of the information.
Since the 1930s, third-party payments for health care have
A) risen from about 5 to 90 percent of total payments. B) declined from about 95 to 10 percent of total payments. C) declined from about 70 to 30 percent of total payments. D) risen from about 30 to 50 percent of total payments.