A minimum price for a good or service:

Open market transactions involve which of the following activities?

I. issuing new Federal Reserve notes II. buying or selling newly issued government bonds to raise funds for the government III. buying or selling previously issued government bonds to change the volume of bank reserve A) I only B) II only C) III only D) II and III only . E) I, II ,and III

Compared to a competitive market, a firm that has a monopsony in a labor market would

A) hire fewer workers and pay higher wages. B) hire more workers and pay higher wages. C) hire more workers and pay lower wages. D) hire fewer workers and pay lower wages.