Which of the following produces the securities that the Fed buys and sells on the open market?
a. Board of Governors
b. Treasury Department
c. Federal Open Market Committee
d. Department of Commerce
e. District Federal Reserve Banks
B
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Which of the following statements is true?
A) The growth rate of South Korea has been less than the growth rate of the United States over the last 40 years. B) The United States and the United Kingdom have recorded a growth rate of over 10% per annum in the last 40 years. C) The gap between the GDP per capita of the United States and Singapore has increased over the last 40 years. D) The gap between the GDP per capita of the United States and China has decreased over the last 40 years.
Economic activity moves from a period of recession to a ________ and then moves into a period of ________ until it reaches a ________.
A. trough; expansion; peak B. trough; recession; peak C. peak; expansion; trough D. peak; recession; trough