Initial studies of new Keynesian inflation dynamics indicated that the average price-adjustment intervals in the United States was as long as

When the Fed buys securities from the public, banks' reserves ________ and the quantity of money ________

A) increase; increases B) increase; decreases C) decrease; increases D) decrease; decreases E) do not change; increases

The difference between a tariff and a quota is that the revenue from the tariff goes to the

A) domestic consumer. B) domestic producer. C) domestic government. D) foreign producers. E) foreign government.