When the Fed sells government bonds it ____ reserves and ______ the money supply.
A) increases; increases
B) decreases; increases
C) decreases; decreases
D) increases; decreases
Ans: C) decreases; decreases
Economics
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Which of the following is a true measure of national output?
a. GDP at market price b. Nominal GDP c. GDP in current dollars d. GDP in constant dollars
Economics
If the consumer's budget constraint is given by 4P + 2B = 50 where P is pizza and B is burgers, the following bundles of pizza and burger would be on the budget constraint:
A. P = 2; B = 24 B. P = 2; B = 21 C. P = 5; B = 10 D. P = 10; B = 20
Economics