Policy actions designed to allow relatively open competition in national stock and bond markets are called

Suppose the Fed raises the federal funds rate. Put the following changes in order in which they occur, starting with the changes that take place almost immediately and ending with the changes that may occur up to two years afterwards:

i. Short-term interest rates rise. ii. Long-term interest rate rises. iii. Aggregate demand decreases. iv. Inflation rate decreases. A) ii-i-iv-iii B) ii-i-iii-iv C) i-ii-iv-iii D) i-iii-ii-iv E) i-ii-iii-iv

A main function of money is to avoid the need for double coincidence of wants. This is the

a. medium of exchange function. b. standard of value function. c. standard of deferred payment function. d. store of value function.