Dynamic open market operations
A) are aimed at achieving changes in monetary policy.
B) are used much more frequently than defensive open market transactions.
C) are used to offset disturbances to the monetary base.
D) make it easy to deduce the Fed's intentions for monetary policy.
A
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What is one of the major shortcomings of using tariffs or quotas to "save American jobs"?
A. Trade barriers protect the development of new technology, but the new technology eliminates jobs B. Import restrictions alter the composition of domestic employment, but they have minimal effect on the overall level of domestic employment C. The volume of trade with other nations is limited to a few industries, so trade restrictions would not increase national employment D. Major American firms have produced many products in other countries, and would not hire more domestic labor when trade barriers are imposed
Using the data in the table above, with y measured on the vertical axis, the slope of the line relating y to X is: Select one
A) 1/3.
B) 1.
C) 3.
D) 6.