The sum of all past budget deficits and surpluses of the federal government is the

Open market operations are defined as

A) a bank borrowing from the Fed. B) the buying and selling of securities by the Fed. C) the buying and selling of securities between banks. D) the amount banks can lend on each deposit. E) a bank making a loan to the Fed.

How would the following factors affect equilibrium in the market for labor?

a. An increase in the demand for the product that a firm is producing b. The use of a new technology that halves the time that workers will take to produce a good c. An increase in the age when people begin to receive Social Security benefits.