The Fed conducts an open market purchase of securities of $5,000. If the currency drain ratio is 0 percent and the desired reserve ratio is 10 percent, then the total increase in the quantity of money is

Macroeconomics, as opposed to microeconomics, includes the study of what determines the level of

A) employment in a specific industry. B) employment in the economy. C) output of a specific firm. D) output of a specific industry.

In reading the national business news, you hear that mortgage rates increased by 50 basis points. If mortgage rates were initially at 6.5%, what are they after this increase?

A. 11.5% B. 7.0% C. 56.5% D. 6.55%