The term for the Fed's day-to-day technique for controlling the stock of money is called
A) discounting operations.
B) interest-rate operations.
C) liquidity operations.
D) open heart operations.
E) none of the above.
E
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In the circular flow model,
a. money flows from the firms to the households through the product market. b. money flows from the households to the firms through the product market. c. money flows from the households to the firms through the resource market. d. money flows from the households to the firms through both the product market and the resource market. e. resources flow to the households from the firms through the product market.
Using a big-push strategy for LDC economic development, the private sector
a. does not participate at any stage b. participates actively only at the beginning c. contributes matching funds to all government-financed projects d. participates after the government push creates the multiplicity of markets e. hurts the process by charging high prices for goods produced since it typically has monopoly power