When the Fed buys government securities, banks' reserves ________, the quantity of money ________, and the federal funds rate ________

Who said, "It is not the employer who pays wages; he only handles the money. It is the product that pays wages."

A. Henry Ford B. Karl Marx C. Jackson Martindell D. Studs Terkel

Local telephone service was once an area in which consumers had no choices. Many young people no longer use "land lines," preferring instead to use their cellular phones. This means that the market has moved toward

A. perfect competition. B. monopoly. C. monopsony. D. oligopoly.