An open market purchase of bonds by the Fed
a. will shift the money supply curve to the left.
b. will drain reserves from the banking system and shift the money supply curve to the right.
c. will inject reserves into the banking system and shift the money supply curve to the left.
d. will shift the money supply curve to the right.
e. will change the slope of the money supply curve.
D
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The market structure in which the largest quantity of output is sold at the minimum possible price is:
a. monopoly. b. perfect competition. c. oligopoly. d. monopolistic competition. e. monopsony.
Which of the following is false? a. An increase in labor productivity will shift the demand curve for labor to the right
b. An increase in wage will lead to an increase in the supply of labor. c. A decrease in the nonwage income of workers would shift the labor supply curve to the right. d. If job amenities deteriorate, it would lead to a reduction, or leftward shift, in the labor supply curve.