When the Fed sells bonds, the Fed:
A. reduces the reserves and the federal funds rate increases.
B. increases the reserves and the federal funds rate increases.
C. reduces the reserves and the federal funds rate decreases.
D. increases the reserves and the federal funds rate decreases.
Answer: A
Economics
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In a cartel, firms jointly act as
A) a monopolistic competitive firm. B) a perfectly competitive firm. C) a monopoly firm. D) an oligopolistic firm.
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